⚙️ SPK Coin Technical & Trade Strategy – July 23, 2025🚀
$SPK , the governance token of Spark Protocol, is making serious DeFi waves—up 460% in 2 weeks, now trading around $0.165 USD. With the Ignition Airdrop Phase 2 live and Spark’s TVL over $3.86B, momentum is red-hot. Let’s break down the essentials 🔍👇
📊 Technical Snapshot:
• Trend: Parabolic uptrend post-breakout from descending triangle
• 30D Range: From $0.029 → ATH $0.173 (+460%)
• Volume: 24h volume surged to $2.7B (200%+ jump)
Indicators:
• RSI: 80–91 (overbought)
• MACD: Bullish but flattening
• MA: Above EMA9/50/200 = strong trend
• Pattern: Cup‑and‑handle forming on 4H; Inverse H&S breakout confirmed
📍 Key Levels:
• Support: $0.124 (flip zone), $0.092–$0.080 (pullback range)
• Resistance: $0.173 (ATH), then $0.20 / $0.25
• Break Risk: Below $0.124 → $0.080 possible
🎯 Trade Strategy:
✅ Bullish Plan:
• Buy: On dips to $0.140–$0.124 + RSI < 70
• Targets: $0.20 → $0.25
• SL: $0.110
• Notes: Risk 1–2%, 1:3 R/R, leverage up to 3x (if experienced)
⚠️ Bearish Hedge:
• Short: If $0.173 gets rejected w/ RSI < 60
• Targets: $0.092 → $0.080
• SL: $0.185
🚨 Tip: Please check funding rate in future. Higher funding rate might drain you.
🧠 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.
💬 What’s your SPK play? Holding or rotating?
📢Drop your thoughts, like, follow & share this alpha 💥
#SPK #SparkProtocol #DeFiGems #CryptoAlpha #DeFi