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)
SPK Price Source : TradingView
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.