SPK’s Meteoric Rise: 90% Daily Surge Hits New ATH

SPK just exploded 90% in 24 hours, smashing its all-time high at $0.121 on July 23. The Ignition airdrop buzz is still fueling the fire, but traders are now watching for signs of exhaustion—or another leg up.

Key Levels to Watch

💰 Current Price: ~$0.111 (pulled back from $0.121 ATH)
🎯 Breakout Trigger: $0.124 (wedge resistance + Fib 0.618)
🛡️ Support Levels:

• $0.110 (immediate test)
• $0.101 (swing high anchor)
• $0.087 (bullish trend breaker)

Bullish vs. Bearish Signals

✅ Pros:

• Airdrop hype still driving demand
• RSI at 80 (strong momentum, but overbought)
• Break above $0.124 could signal continuation

⚠️ Risks:

• Exchange inflows rising (profit-taking looming)
• RSI divergence (momentum fading at highs)
• Failed $0.124 tests (rejection risks)

What’s Next for SPK?

• Bull Case: Clear $0.124 with cooling inflows → new ATHs
• Bear Case: Drop below $0.110 → retest $0.101–$0.087

Trader tip: Watch hourly RSI and netflows—they’ll hint at the next move before daily charts catch up.