SPK at the Crossroads: Rebound or Retreat?
- SPK is down -10.30% in the last 24 hours, showing weakness after peaking at $0.1370 just 4 days ago.
- The token is now in a bearish consolidation zone, with key support at $0.0970 and resistance at $0.1136.
📊 Technical Indicators
- RSI: 57.25 → Neutral zone, no clear overbought or oversold signal
- MACD: Bearish crossover, weak momentum
- EMA 50/200: Price is below both → confirms bearish trend
- Volume: $156M in the last 24h, down -47.73%, indicating reduced speculative interest
Fundamentals & On-Chain Activity
- Market Cap: $107M
- Fully Diluted Valuation (FDV): $1B → suggests upside potential if demand sustains
- Wealth Distribution: Top 10 wallets hold 95.64% of supply → high centralization risk
- On-chain Transactions: Over 9,600 in the last 24h, averaging 400/hour → active community
🎯 Technical Outlook
If SPK breaks above $0.1136 with strong volume, it could retest the $0.1370 high. But if it loses support at $0.0970, the next critical level is around $0.085.