SPELL/USDT Could SPELL bounce and back to upward movement ??

💎 SPELL has recently demonstrated significant market dynamics. After facing a strong rejection at the supply area, there's potential for the price to undergo a downward retracement towards the support area.

💎 This retracement could provide the necessary momentum for another attempt to break out. If SPELL successfully breaks above this support-turned-resistance level, it probability could pave the way for further upward movement toward our target area.

💎 However, it's crucial for SPELL to bounce from the support area during this retracement. Failure to do so could signal weakness in the bullish momentum, potentially leading to a breakdown below the support area and a continuation of the downward movement towards the demand zone.

💎 The demand zone serves as a critical level for SPELL's bullish outlook. If this area fails to provide support and the price breaks below it, it could indicate a shift in sentiment towards bearishness, leading to further downward movement.