waterdrop
Enthusiastic "Re-Beginner"
I would wait a few days to see if the spike is holding, maybe 3 days.
Have you tried checking the ammonia at 12 hours yet? My bet is that you are getting to zero that quickly by now. It won't change what you are doing in terms of dosing, but it is just interesting to know the ammonia processing bacteria have been making more progress while you wait for the nitrite bacteria to catch up.
The nitrite spike has held for 3 days so it would be fine now to ease back to 3ppm as the dosing amount (rather than 5ppm) so that you'll be adding less overall nitrogen. This lower dosing is only for the nitrite spike phase and shortly thereafter. After the nitrite spike is over, there will be a third phase where you are waiting for nitrite(NO2) to be cleared in 12 hours or less (instead of the near 24 hours that it will take right after the nitrite spike is over.) During that 3rd phase of fishless cycling you'll want to ease the dosing back up to 5ppm and make sure its definately that high at the end of fishless cycling and during the qualifying week at the very end. The 5ppm concentration ensures that your colonies are large enough and robust enough that you could even fully stock the tank at once and the the colonies would still be "above" that capacity and would drop back to match whatever bioload you introduced. Does that make sense?
~~waterdrop~~