#SPK Buy or not, see the response and compare.
What happened?
SPK (Spark) rose 138% in 24 hours, and the reason is:
Whales (big investors) bought a huge amount of SPK (about 3.9 million over the month).
The amount available for sale on exchanges decreased by 37%, meaning there is a shortage in supply.
The project recorded a new record in locked funds (TVL = $10.48B), which means many people are using the Spark protocol, especially in lending and savings.
Technical Analysis
The price broke a strong technical resistance (a descending triangle pattern) and bounced above the 20-day moving average.
The RSI indicator is at 95, which means the market is in a state of extreme overbuying (meaning people might start selling soon).
Trading volume increased significantly (positive), but there is strong resistance nearby at $0.125.
Are you buying now?
Positives:
The project has strong demand and it's clear that people believe in it (especially the whales).
The fundamentals are very strong (DeFi, TVL growth, staking…).
Negatives:
The price rose very quickly (138% in one day), which could attract a correction or profit-taking soon.
RSI is very high = Risk.
My honest opinion for you.
If you buy now, you are entering at the peak of an uptrend, which is always a big risk. The market may continue to rise, but it could also correct strongly.
✅ If you intend to enter, it's better:
Enter with a very small amount (just a part of your portfolio).
Or you wait for a price correction (for example, it returns close to $0.07 or lower), and then you monitor and decide.
❌ But entering now with all your capital is a big risk, especially after this violent rise.
