🚨 SPK/USDT Perp Update – Real-Time

Price: ~$0.0953 🔼 +1.78% (recent range ~$0.09–$0.10)

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📰 News / Fundamentals

SPK listed on Binance and KuCoin around June 17, driving explosive debut price action. Airdrop, followed by Overdrive Phase staking, spurred recent rally. Spark’s TVL exceeded $8 billion, fueling token demand and capped circulating supply.

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📊 **Technicals (M15, H1, H4, D1)**

Weekly gain ~100%, retraced from peak ~0.176 to ~$0.05 in June, now consolidating near $0.09–$0.10.

Technical ratings mixed: daily RSI ~45–50, MACD convergence, price lingering above short-term support. Triangle/wedge breakout patterns forming.

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🐋 Whale / Smart Money

Sharp initial drops tied to airdrop sell-offs; many recipients staked tokens instead of dumping, helping reduce supply. Whale or institutional accumulation unclear.

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🔖 Support / Resistance

Support levels: $0.085 – $0.090, strong lower around $0.050 – $0.055

Resistance zones: $0.10 – $0.105, breakout target $0.12 – $0.13, all‑time high ~$0.18 – $0.20

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🎯 Sentiment: Neutral–Bullish

Momentum remains choppy, but breakout from consolidation with volume could reignite bullish trend. A failure below support may lead to deeper retest.

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🚥 Potential Trade Ideas

Long bias: Entry $0.089 – $0.091 (support bounce), SL $0.087, TP1 $0.100, TP2 $0.120

Short bias: Entry $0.103 – $0.105 (resistance), SL $0.107, TP1 $0.095, TP2 $0.085

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Spark’s structure shows early-cycle volatility transitioning into defined patterns. Watch for breakout volume and price action around $0.10–$0.12 to assess directional shift.

#SPK_USDT #SparkDeFi #CryptoAnalysis