SPK Soars by 90%! $8.1 Billion Locked in a Showdown at $0.124
The recent market trend of SPK reveals key signals from on-chain data!
As the price skyrockets, the net inflow into exchanges remains positive, indicating that the main players are both pushing the price up and locking in profits. The $8.1 billion TVL corresponds to only a $116 million market cap, which is 15 times lower than leading MKR, showing visible room for growth.
On the technical front, the 1-hour RSI momentum is fading, with $0.124 being the critical line. After two failed attempts to break through, it has retreated to $0.11;
If it falls below the support at $0.105, it could plunge to the deep pit at $0.087; on the contrary, if it breaks through $0.124 with volume, it will initiate the second wave rise.
I personally suggest going long at $0.11 with a stop loss at $0.1, betting on a rebound;
For those looking to buy the dip, watch for stabilization at $0.087 and go in heavy!
SPK is tearing open the valuation gap in DeFi with its explosive growth. If SPK secures its position among the top players, it will force traditional lending protocols to innovate and may trigger a new wave of "value discovery" frenzy!
Recently, SPK has already surged to an outrageous level, and unexpectedly, a potential strong coin has emerged during the day, with expected gains likely to surpass SPK! Limited spots available, welcome to verify.