🔥 Spark ( $SPK ) is heating up again — and this time, it’s not just noise. After a brutal month (-22%), the token is showing a clean short-term reversal: +1.09% in 24h, +6.9% in 7d, and a breakout above its downtrend line. That’s not hype — that’s structure. Price just climbed back to the $0.038–0.039 resistance zone, with strong confirmation from volume ($142M / 24h ≈ 190% of MC) — meaning real liquidity, real trades, not ghost volume. Here’s the setup: SPK formed a double bottom around $0.028, then flipped momentum hard. If bulls hold $0.036, this could expand toward $0.045–0.05 next — but the danger is real too. Because fundamentals aren’t matching the chart yet: •Only 19% supply is circulating — meaning 81% still locked. •FDV/MC = 5.2x, an obvious dilution risk. •Funding rate negative (-0.07%) → shorts are crowding in, leaving room for a squeeze. That’s what makes SPK the perfect short-term trade but a terrible long-term bet (for now). Momentum + liquidity = opportunity. FDV + opacity = risk. If you’re scalping, watch $0.036 — that’s your lifeline. If you’re holding, ask harder questions: When do tokens unlock? Who are the top holders? What’s Spark actually building? SPK isn’t a conviction play yet — it’s a volatility playground. Trade the wave, don’t marry it. @EdgenTech $ETH $BTC $SPK
2.21K
0
The content on this page is provided by third parties. Unless otherwise stated, OKX is not the author of the cited article(s) and does not claim any copyright in the materials. The content is provided for informational purposes only and does not represent the views of OKX. It is not intended to be an endorsement of any kind and should not be considered investment advice or a solicitation to buy or sell digital assets. To the extent generative AI is utilized to provide summaries or other information, such AI generated content may be inaccurate or inconsistent. Please read the linked article for more details and information. OKX is not responsible for content hosted on third party sites. Digital asset holdings, including stablecoins and NFTs, involve a high degree of risk and can fluctuate greatly. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition.