āļø SPK Coin Technical & Trade Strategy ā July 23, 2025š
$SPK , the governance token of Spark Protocol, is making serious DeFi wavesāup 460% in 2 weeks, now trading around $0.165 USD. With the Ignition Airdrop Phase 2 live and Sparkās TVL over $3.86B, momentum is red-hot. Letās break down the essentials šš
š Technical Snapshot:
⢠Trend: Parabolic uptrend post-breakout from descending triangle
⢠30D Range: From $0.029 ā ATH $0.173 (+460%)
⢠Volume: 24h volume surged to $2.7B (200%+ jump)
Indicators:
⢠RSI: 80ā91 (overbought)
⢠MACD: Bullish but flattening
⢠MA: Above EMA9/50/200 = strong trend
⢠Pattern: Cupāandāhandle forming on 4H; Inverse H&S breakout confirmed
š Key Levels:
⢠Support: $0.124 (flip zone), $0.092ā$0.080 (pullback range)
⢠Resistance: $0.173 (ATH), then $0.20 / $0.25
⢠Break Risk: Below $0.124 ā $0.080 possible
šÆ Trade Strategy:
ā
Bullish Plan:
⢠Buy: On dips to $0.140ā$0.124 + RSI < 70
⢠Targets: $0.20 ā $0.25
⢠SL: $0.110
⢠Notes: Risk 1ā2%, 1:3 R/R, leverage up to 3x (if experienced)
ā ļø Bearish Hedge:
⢠Short: If $0.173 gets rejected w/ RSI < 60
⢠Targets: $0.092 ā $0.080
⢠SL: $0.185
šØ Tip: Please check funding rate in future. Higher funding rate might drain you.
š§ Final Take:
SPK is a DeFi rocket backed by real yield, high staking, and massive TVL. But with overbought signals flashing and airdrop hype peaking, cautious entries & risk management are key. Post-airdrop volatility possible after August 12.
š¬ Whatās your SPK play? Holding or rotating?
š¢Drop your thoughts, like, follow & share this alpha š„
#SPK #SparkProtocol #DeFiGems #CryptoAlpha #DeFi