Spark (SPK) breaks out of a falling wedge with 3.53M volume, signaling a bullish shift after steady downward pressure.
MACD flattening and bullish divergence on SPK charts suggest buyers are regaining control after recent market exhaustion.
SPK increases 4.2% over 24 hours with limited circulating supply and narrow spreads, fueling new attention on leading crypto exchanges.
Spark (SPK) has broken out of a technical wedge formation, which can signal a potential shift in its immediate direction. Heavy volume, converging indicators, and upbeat exchange fundamentals suggest that SPK may gain bullish momentum.
SPK Breaks Pattern With Rising Volume and Technical Support
Spark (SPK) recently exited a falling wedge after consistent declines since its June 17 listing. The breakout came as volume surged past 3.53 million, with SPK climbing above key support near $0.0415.
CryptosBatman has provided insights into Spark (SPK)’s recent price behavior. He identifies a descending wedge on the SPK chart, which often precedes reversals in crypto markets. According to CryptosBatman, SPK formed its base near $0.040 and broke above resistance with increasing buyer activity.
<embed> https://x.com/CryptosBatman/status/1936474930217889979 <embed/>
The MACD indicators have flattened, and histogram bars show signs of bullish divergence. This, combined with multiple retests of the lower wedge, highlights that Spark (SPK) is regaining strength. Shorter selling wicks and tighter candles support a possible trend change. The breakout candle itself closed beyond the wedge’s top boundary, ending the recent pattern of lower highs.
Price action is now consolidating just above former resistance, with traders watching to see if SPK can hold this level. Current support lies at $0.0415, with next resistance targets at $0.045 and $0.048.
CoinGecko Data Confirms Spark (SPK)’s Market Momentum
CryptosBatman’s analysis aligns with updated Spark (SPK) data from CoinGecko, which shows increasing market strength. Spark (SPK) is trading at $0.0432, up 4.2% over 24 hours, and has outperformed both BTC and ETH. Its 24-hour trading range spans $0.03931 to $0.04426, reflecting volatility with an upward bias.
Source: CoinGecko
SPK’s market cap now sits at $37.3 million, with a fully diluted valuation of $432 million. Circulating supply remains low at just 8.6% of the total 10 billion tokens, suggesting future supply unlocks. Spark (SPK) also saw two strong recovery zones today, supported by volume spikes and late-session momentum.
The increased trading interest, tight price spreads, and accumulation patterns confirm that Spark (SPK) is drawing renewed attention. With price and volume both rising, Spark (SPK) could continue this reversal if momentum holds in the coming sessions.
The post Spark (SPK) Breaks Out With Bullish Volume-Here’s Why Traders Are Watching $0.045 appears on Crypto Front News. Visit our website to read more interesting articles about cryptocurrency, blockchain technology, and digital assets.
