DeFi Whales Double Down on Spark (SPK) Amid $0.13 Breakout Play

Spark (SPK) has emerged as a focal point in the DeFi sector following a significant breakout from a prolonged downtrend, with technical and on-chain indicators suggesting potential for a 103% rally. As of late July 2025, SPK traded near $0.13, having surged from a low of $0.026 earlier in the month. This upward movement was catalyzed by a bullish engulfing pattern and confirmed by on-chain volume metrics, including a 37% decline in exchange balances, indicating tokens are being moved into self-custody or staking Spark (SPK) Price Prediction 2025, 2026, 2027, …^[1]. The Relative Strength Index (RSI) remains above 86, signaling overbought conditions, but without bearish divergence, momentum appears intact Spark (SPK) Price Prediction 2025, 2026, 2027, …^[1].

The price action has drawn attention to key resistance levels, particularly the $0.13–$0.15 zone. A successful breakout could trigger a short squeeze, given dense liquidation clusters above $0.13, as identified by Coinglass data Spark (SPK) Price Dips, but a Key Resistance Breakout Could …^[4]. Open interest has fallen to $83.6 million from a peak of $190 million, but elevated levels suggest active short positions that could amplify upward pressure if SPK clears $0.13 Spark (SPK) Price Dips, but a Key Resistance Breakout Could …^[4].

Fundamental drivers underpin the optimism. Spark's Total Value Locked (TVL) has surged to $8.9 billion, with $4.8 billion in lending markets and $2.45 billion in stablecoin savings products Spark Price Prediction 2025–2030: Will SPK Soar or …^[2]. Whale activity has also been notable, with large holders increasing SPK holdings by 60% in the month following its June 2025 airdrop. Smart money addresses saw a 250% month-over-month rise in SPK balances, reflecting confidence from institutional and experienced DeFi investors Spark Price Prediction 2025–2030: Will SPK Soar or …^[2].

Price targets derived from technical analysis and market dynamics suggest a multi-year trajectory. Coinedition's projections outline a 2025 low of $0.072 and a potential high of $0.165, with extension targets toward $0.20 if support above $0.072 holds Spark (SPK) Price Prediction 2025, 2026, 2027, …^[1]. Midforex's AI-driven forecast aligns with this, projecting a 12-month range of $0.067–$0.073, with long-term targets reaching $0.34 by 2030 Spark (SPK) Price Prediction & Forecast (2025 – 2030)^[3]. The Phemex blog highlights SPK's undervaluation relative to its TVL and projected $200 million annual revenue, noting its market cap of $154 million as a potential floor for growth Spark Price Prediction 2025–2030: Will SPK Soar or …^[2].

Risks remain, however. SPK's token supply inflation-65% allocated to community rewards over a decade-poses downward pressure if demand stagnates. Post-airdrop sell-offs and regulatory uncertainties, particularly in U.S. markets, could also dampen momentum Spark Price Prediction 2025–2030: Will SPK Soar or …^[2]. Additionally, extreme volatility and competition from established DeFi platforms like Aave necessitate sustained innovation to maintain SPK's edge .

Analysts remain cautiously optimistic. While short-term corrections are possible, the combination of strong TVL growth, whale accumulation, and technical indicators suggests SPK could test $0.17 or higher. A breakdown below $0.087, however, would invalidate the bullish case Spark (SPK) Price Dips, but a Key Resistance Breakout Could …^[4].