Market Overview for Spark/Tether (SPKUSDT) on 2025-11-05

Summary
• SPKUSDT opened at $0.029878 and closed at $0.030491 within 24 hours, with a high of $0.03083 and a low of $0.027403.
• Total volume hit 65.7 million, and turnover reached $1,989,523.
• A strong bullish reversal appears after a sharp dip to $0.027403.

Spark/Tether (SPKUSDT) opened at $0.029878 on 2025-11-04 at 12:00 ET and closed at $0.030491 on 2025-11-05 at 12:00 ET. The 24-hour period saw a high of $0.03083 and a low of $0.027403. Total trading volume was 65.7 million, while notional turnover reached $1,989,523.

Structure & Formations

Price formed a strong bullish reversal pattern after reaching a critical low of $0.027403. A large bearish candle with a long lower wick at $0.027403 suggests rejection of the level as support. Key resistance levels appear at $0.0292 and $0.0305, with the 24-hour high at $0.03083 offering immediate overhead pressure.

Moving Averages

On the 15-minute chart, the 20SMA and 50SMA crossed over in a bullish manner around $0.0292, confirming a short-term uptrend. The 50SMA and 200SMA on the daily chart indicate that the price is currently above both, suggesting a medium-term bullish bias. Traders may watch for continued strength above the 50SMA to confirm momentum.

MACD & RSI

The MACD crossed into positive territory during the recovery phase, with a narrowing histogram suggesting momentum may be peaking. RSI has bounced off the 30 level, signaling an oversold rebound. However, RSI remains below 50, suggesting momentum may still be weak despite the price recovery.

Bollinger Bands

Price traded near the lower band during the dip to $0.027403 and has since moved into the upper half of the band. The width of the bands has expanded significantly, indicating rising volatility. As long as price remains above the lower band, the bearish breakdown risk remains low.

Volume & Turnover

Volume surged during the low at $0.027403 and again as price surged past $0.0305, confirming the strength of the bounce. Notional turnover spiked alongside the volume, suggesting participation from both retail and institutional buyers. The divergence between price and volume at the bottom appears to confirm the reversal.

Fibonacci Retracements

On the 15-minute chart, key Fibonacci levels at 38.2% ($0.02919) and 61.8% ($0.02845) appear to have acted as psychological barriers. On the daily chart, a 38.2% retracement from the recent high at $0.03083 aligns with $0.03005, which has already been tested twice.

Backtest Hypothesis

A potential backtest strategy for SPKUSDT could utilize RSI(14) to identify overbought and oversold levels. Triggers could include entries when RSI falls below 30 and exits when it exceeds 70. This strategy would benefit from precise historical RSI data, which is currently unavailable for SPKUSDT. Once data is confirmed, it will be tested from 2022-01-01 to 2025-11-05.

The price may test the $0.0305 level, and a failure to break through could result in a pullback toward $0.0295. Investors should remain cautious as volatility remains high.