Lokesh Gupta
09-02-2026
Spur Protocol (SON) investors are facing a critical moment. After the shocking delisting news, the token crashed almost 96% from its all-time high, dipping close to $0.0016.
Could this steep decline be a chance for a recovery, or is further downside likely? Despite the panic, technical indicators suggest the token may be setting up for a bullish reversal, sparking hope among crypto enthusiasts.
The delays in listings gradually weakened community confidence, creating uncertainty about the project’s stability. While official updates emphasize that the team has not sold tokens and blame irregular exchange activity for the crash, investors remain cautious.
Yet, recent market behavior shows signs that the selling pressure is slowing, which could signal a potential turnaround.
The chart reveals a sharp downtrend from around $0.049 to $0.005, followed by sideways movement. This consolidation forms a descending wedge pattern, a classic bullish reversal signal in crypto markets. Indicators also show promising signs:
MACD: The MACD line is slightly crossing above the signal line, indicating early bullish momentum.
RSI: Currently around 47, suggesting the token is neither oversold nor overbought. Selling pressure is easing.
These patterns indicate SON might be stabilizing and preparing for a bounce, provided key support levels hold.
In the short term, if the coin maintains the critical support around $0.0045, the token could attempt a rebound to $0.01–$0.015, following the descending wedge breakout pattern. Investors should watch for a clear upward move to confirm recovery.
For the medium term, a confirmed breakout from the wedge could push toward $0.02–$0.025, with resistance near $0.03 potentially capping early gains. However, if the $0.0045 support fails, the token may retest lower levels around $0.003–$0.0035, signaling further downside risk.
Overall, SON shows a mix of risk and opportunity. Traders and holders should stay alert to market signals while monitoring key support and resistance zones.
This content is for informational purposes only and not financial advice. Cryptocurrency investments are risky and volatile. Always conduct your own research and consult a qualified financial professional before investing.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
Lokesh Gupta is a seasoned financial expert with 23 years of experience in Forex, Comex, NSE, MCX, NCDEX, and cryptocurrency markets. Investors have trusted his technical analysis skills so they may negotiate market swings and make wise investment selections. Lokesh merges his deep understanding of the market with his enthusiasm for teaching in his role as Content & Research Lead, producing informative pieces that give investors a leg up. In both conventional and cryptocurrency markets, he is a reliable adviser because of his strategic direction and ability to examine intricate market movements. Dedicated to study, market analysis, and investor education, Lokesh keeps abreast of the always-changing financial scene. His accurate and well-researched observations provide traders and investors with the tools they need to thrive in ever-changing market conditions.
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