โ๏ธ SPK Coin Technical & Trade Strategy โ July 23, 2025๐
$SPK , the governance token of Spark Protocol, is making serious DeFi wavesโup 460% in 2 weeks, now trading around $0.165 USD. With the Ignition Airdrop Phase 2 live and Sparkโs TVL over $3.86B, momentum is red-hot. Letโs break down the essentials ๐๐
๐ Technical Snapshot:
โข Trend: Parabolic uptrend post-breakout from descending triangle
โข 30D Range: From $0.029 โ ATH $0.173 (+460%)
โข Volume: 24h volume surged to $2.7B (200%+ jump)
Indicators:
โข RSI: 80โ91 (overbought)
โข MACD: Bullish but flattening
โข MA: Above EMA9/50/200 = strong trend
โข Pattern: Cupโandโhandle forming on 4H; Inverse H&S breakout confirmed
๐ Key Levels:
โข Support: $0.124 (flip zone), $0.092โ$0.080 (pullback range)
โข Resistance: $0.173 (ATH), then $0.20 / $0.25
โข Break Risk: Below $0.124 โ $0.080 possible
๐ฏ Trade Strategy:
โ
Bullish Plan:
โข Buy: On dips to $0.140โ$0.124 + RSI < 70
โข Targets: $0.20 โ $0.25
โข SL: $0.110
โข Notes: Risk 1โ2%, 1:3 R/R, leverage up to 3x (if experienced)
โ ๏ธ Bearish Hedge:
โข Short: If $0.173 gets rejected w/ RSI < 60
โข Targets: $0.092 โ $0.080
โข SL: $0.185
๐จ Tip: Please check funding rate in future. Higher funding rate might drain you.
๐ง Final Take:
SPK is a DeFi rocket backed by real yield, high staking, and massive TVL. But with overbought signals flashing and airdrop hype peaking, cautious entries & risk management are key. Post-airdrop volatility possible after August 12.
๐ฌ Whatโs your SPK play? Holding or rotating?
๐ขDrop your thoughts, like, follow & share this alpha ๐ฅ
#SPK #SparkProtocol #DeFiGems #CryptoAlpha #DeFi