SPK surged approximately.....
Price Action: SPK surged approximately 17% intraday, hitting a peak near $0.109 before pulling back to ~$0.094, representing an ~8–11% decline over the last 24 hours.
Broader Move: The token rallied roughly 550% from a low around $0.03 on July 9 to highs near $0.18, before retracing about 45%.
🧠 Why the Swing?
Big Airdrop & Listings: The Ignition Airdrop in June and recent listings (e.g. Binance, Coinbase, CoinDCX) propelled interest and trading momentum.
Phase 2 (Overdrive) Begins: Starting July 29, staking SPK earns additional rewards—fueling further demand and holding sentiment.
Technical Snapshot & Short‑Term Levels
Resistance: Dense short liquidations cluster at $0.11–$0.13; a break above $0.13 could trigger forced buying and a potential move toward $0.17–$0.20.
Support: Key pivot around $0.09–$0.10. A dip below $0.09 could invalidate the bullish thesis in the near term.
Spark (SPK) has seen explosive action—pumping from ~$0.03 to near $0.18 in just a few weeks, then retracing to ~$0.094₊. That’s roughly an 8–11% drop in the last 24 hours, clearing some froth after a ~550% parabolic rally. On‑chain data shows whale accumulation and falling exchange balances, setting up a potential squeeze if SPK breaks $0.13, targeting $0.17–$0.20. Key support holds at $0.09–$0.10. 🚀
