What does this rise reflect? | $SPK
Positives:
Sign of slight recovery or technical relief, especially after a weekly correction.
The strong volume observed on Coinbase could indicate that buyers are entering the market.
Risks or limitations:
The variation remains small (between 0.1% and 4%), suggesting a lack of a clear or widespread catalyst.
The weekly drop close to -10% points to a bearish trend that has not yet reversed.
The range of intraday movement (from $0.069 to almost $0.08) reflects significant risk and intraday volatility.
The slight rise of SPK —ranging between 0.1% and 4%, depending on the source— could be the beginning of a technical rebound, although its still subdued nature invites caution. The upward volume on some exchanges (like Coinbase) brings a certain level of optimism, but the weekly bearish trend and lack of key news limit enthusiasm.