$SPK

📈 Daily Performance Summary

Current Price: ~$0.0755, up slightly (~0.75%) from the previous close.

Today’s Range: Between $0.0425–$0.0788.

24-Hour Trading Volume is very high (~$600–800 million), reflecting significant market activity.

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🚀 Reasons for Recent Rise

1. "Overdrive" Phase of the Airdrop Program

This is the second phase of distributing free tokens to users who have staked. The announcement of the end of the first phase and the start of the second phase prompted users to stake SPK tokens before July 29 to remain eligible.

2. Strong Technical Breakout

The chart was showing a “Symmetrical Triangle” pattern, and the resistance was broken upwards, usually indicating a strong upward movement.

3. **Increase in Total Value Locked (TVL)**

Surpassing $8 billion, reflecting user confidence and capital inflows into the ecosystem.

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⚖️ Technical and Fundamental Assessment

The price is currently hovering around its historical highs, but it is still ~17% below the previous peak.

Overbought signals are clear—a rapid increase in price and volume—may lead to profit-taking in the near term.