- Spark ($SPK) confirmed a bullish reversal pattern backed by strong buying activity and expanding candle bodies.
- Trading volume exceeds $145 million against an $84 million market cap, showing strong liquidity inflows and rising investor interest .
- Resistance is at $0.0455 with targets at $0.0480 and $0.0515 as upward momentum builds.
After confirming a bullish breakout from a prolonged downtrend Spark ($SPK) is showing renewed strength. Rise in trading volume and steady price growth are signaling growing investor confidence and potential continuation of its recovery momentum.
Breakout Confirms Momentum Shift
The SPK/USDT one-day timeframe shows a decisive breakout above the upper trendline of a descending channel. Crypto analyst Captain Faibik noted that $SPK falling wedge breakout has confirmed profits reaching more than 25%. This bullish reversal movement ends a long phase of lower highs and lower lows.
The large green candle accompanying the breakout demonstrates strong buying activity indicates renewed investor confidence, possibly driven by market catalysts. The projected target zone points to the $0.10 level, a potential 167.82% upside. This zone aligns with prior resistance zones identified in July.
Market observers noted expanding candle bodies and increased volatility after the breakout could confirm trend continuation if buying pressure holds. However, the $0.039–$0.041 zone may possibly be retested before entering new positions.
Price Structure Shows Controlled Recovery
Spark is trading around $0.0438 with a 24-hour gain of 19.71% more than 21% over the past week. The 30-day trend however remains slightly negative, indicating that recovery is still in progress.Trading volume reached $145 million, surpassing its $84 million market capitalization.
This increase suggests genuine liquidity inflows rather than speculative spikes. The fully diluted valuation (FDV) stands at $437 million.This wide gap between FDV and current market capitalization provides room for price expansion.
Only about 19% of the total 10 billion tokens are circulating therefore there are further unlocks ahead. The funding rate has remained slightly negative, implying that the ongoing rally is supported by real spot demand instead of leveraged short covering.
Key Levels and Market Strategy
The price structure has higher bottoms, suggesting a developing ascending pattern.Losing $0.0385 and $0.0390 level could signal weakening momentum.But if bulls move past, the next resistance is between $0.0445 and $0.0455 and it serves as a gateway for the next upward leg.
Volume remains steady without abrupt spikes, indicating that accumulation is still underway. Analysts are emphasizing on a wait for a pullback around $0.0395–$0.0405 before continuation of the rally. Overall, $SPK is showing a controlled advance supported by consistent volume and gradual structural improvements, marking the early stages of a potential sustained recovery.
