SPK Today's Market:
SPK/USDT trading pair! The price has surged 1.3% behind all the tricks, and whales have quietly sold off $4.53 million. Your position is at risk!
1. The Truth Behind Long and Short Battles
1. Negative Bombshell: Coinstore announced this morning that it will delist SPK at 6 PM, directly cutting off a major trading channel. This kind of operation usually triggers panic selling, but strangely, SPK actually rose by 1.3%—a typical “good news unloading” trick: the market maker raises the price with expectations of an airdrop, covering the exit of large holders.
2. Airdrop Trap: The so-called “100% surge” actually relies on the second round of Ignition airdrop support. Users must stake SPK before July 29 to receive rewards, temporarily reducing selling pressure. But be aware: staking ends on August 12, and a million-level selling pressure could crash the price instantly!
3. On-Chain Alerts: This morning, a giant whale dumped 2.35 million SPK on Bybit, transferring a total of $4.88 million in chips within three days. This action is either taking profits or anticipating a crash and exiting early!
2. Technical Indicators Are Flashing Red
Bollinger Bands Contraction: The current price of 0.11338 is being firmly suppressed by the middle band at 0.11485, with the upper band at 0.12328 out of reach. If there is no significant breakout above the middle band in the afternoon session, it is highly likely to drop towards the lower support at 0.10641.
MACD Death Cross: DIF has crossed below DEA, and the green momentum bars are shrinking, indicating that bullish strength is exhausted. After similar historical patterns, SPK has previously plummeted 20% in a single day.
3. Retail Survival Guide
1. Never Chase the Price: The increase caused by airdrops is all “paper tigers”; a TVL of $8.15 billion at a new high does not equal a strong coin price. Referencing the end of the first round of airdrops in June, SPK halved in a week.
2. Keep a Close Eye on 6:00 PM: After Coinstore delists, a sudden drop in liquidity could lead to price gaps. If major exchanges like Binance/OKX follow suit and delist, the risk of going to zero will surge.
3. Stop-Loss Rule: If the current price falls below 0.10942, you must cut losses; the next support is at 0.10641, and if broken, look for 0.00589.
