SPK surges 62% to a new high

Summarized from 7 articles.

Market Overview

•SPK price breaks through the key resistance level of $0.065, setting a historical new high

•Single-day increase of 67.30%, trading volume surged 116%, indicating strong buying pressure

•TVL reaches $815 million, market capitalization exceeds $82 million, with both volume and price rising

Core Driving Factors

•Cross-chain integration: Integrating LayerZero technology, connecting five major ecosystems including Optimism

•Governance upgrade: DAO 2.0 system launched, enhancing token holders' voting rights

•New product launch: sUSDC/sUSDS staking derivatives attracted $120 million in liquidity in the first week

•Community incentive programs significantly enhance participation

Technical and Risk Analysis

•Symmetrical triangle breakout pattern confirmed, Chaikin money flow indicator turns positive

•There is still a 17% upside potential to the historical high of $0.078

•Points of interest: $0.078 resistance level, growth of Unichain ecosystem TVL, Federal Reserve policies

•Institutional holdings increased by 42% quarter-on-quarter, whale concentration decreased to 58%

It is recommended to adopt a strategy of gradual position building after breakout confirmation, focusing on DeFi integration progress and the growth of staker numbers. $BTC $SOL #CFX #山寨季來了？