🚀 SPK Rises 53% in One Day, Volume Surpasses 1.27 Billion Tokens!
The price of the Spark token ($SPK ) surged significantly by +53% in the last 24 hours to a level of $0.0636, briefly touching a peak of $0.085 before experiencing a minor correction. This movement occurred alongside a spike in trading volume, recording over 1.27 billion SPK changing hands with a total volume worth $70 million USDT. 🔥
Technically, the breakout from the previous consolidation zone (around $0.033 – $0.036) triggered massive accumulation that caused a brief short-squeeze. It is worth noting that the 1-hour candlestick chart shows a massive vertical green candle with limited shadow, indicating dominant buying pressure in a short time. MA7 (yellow) has also just crossed above MA25 (purple) from below, a classic bullish crossover. 📈
Is this the early signal of a medium-term rally or just a technical bounce based on momentary hype? So far, there has been no major fundamental news related to Spark, so this movement leans more towards market sentiment and potential front-running by smart money.
📊 Additional Technical Statistics:
* 24-Hour Low: $0.0407
* 24-Hour High: $0.0850
* MA7: $0.0443
* MA25: $0.0369
* Daily Volume: 1.27B SPK / 70.81M USDT
⚠️Spark is still in the phase of exploring a new trend. If it can stay above $0.060 in the coming days, then the potential for a retest to $0.085 is open again. However, if it breaks down below $0.050, the price could return to the previous support area ($0.036 – $0.040). Also, pay attention to liquidity and intraday volatility. Ideal for aggressive traders, but not suitable for long-term positions until there is a fundamental trigger.
🔍 Disclaimer: Not Promotion & Not Financial Advice
