š Spark (
$SPK ) ā From Parabolic Highs to Major Correction: Whatās Next?
See my first post in profile to earn money.
SPK rocketed from $0.10 to ~$0.19 in a week (~530% gain), but a sharp correction followed. The token now trades around $0.08ā0.10, having plunged nearly 50% from its peak, as whales exit and volume shrinks.
Despite a pullback, Sparkās fundamentals remain robust: $8ā10B TVL, deep yield infrastructure, and growing staking engagement. A recent bounce occurred from key support near $0.085, potentially setting the stage for a turn back toward resistance zones.
š Trade Scenario:
⢠Rebound Entry: $0.088ā0.095 (stop < $0.082) ā targets: $0.11 ā $0.13+
⢠Breakout Entry: on close > $0.11 (stop < $0.108) ā targets: $0.13 ā $0.15
⢠MidāTerm DCA: $0.075ā0.085 (stop < $0.072) ā average ~$0.11 with upside stretch to $0.15+
ā ļø Beware dilution risksā4.6M SPK unlocked daily, with a massive unlock (~2.5B tokens) due midā2026. Entry should be volume-confirmed with candle structure.
If ecosystem activity resumes strong after cooldown, SPK could reclaim higher levels. Until then, trade carefully.
#Spark #SPKToken #DeFiAllocator #CryptoTrading
#TradeSetup #SparkLend
#YieldDeFi