Summary
• SPKUSDT declined 6.4% over 24 hours, closing at 0.021698 after testing key support and forming bearish patterns.
• Volume surged over 1.6 million near 0.022068, confirming bearish momentum with divergence near 0.022707.
• Bollinger Bands widened post-0.022306, suggesting increased volatility as price fell below the 20-period MA.
Spark/Tether (SPKUSDT) opened at 0.022703 on 2025-12-13 12:00 ET, reached a high of 0.022707, and a low of 0.021674, closing at 0.021698 on 2025-12-14 12:00 ET. Total volume reached 12.69 million, with turnover of approximately $282,891.
Structure & Formations
The price declined from a 24-hour high of 0.022707 to a low of 0.021674, forming bearish engulfing patterns near 0.022526 and 0.02225. A key support level appears to have formed around 0.022068, where price briefly reversed before continuing lower.
Moving Averages
On the 5-minute chart, the price has remained below the 20-period and 50-period moving averages for much of the session, reinforcing bearish bias. The 20-period MA crossed below the 50-period MA early in the session, signaling a potential trend reversal.
MACD & RSI
MACD showed bearish divergence as price made lower highs while MACD lines remained flat. RSI dropped into oversold territory near 0.02179 and 0.021674, suggesting potential for a short-term bounce but not a reversal in the broader bearish trend.
Bollinger Bands
Bollinger Bands showed a period of contraction near 0.022458 before a sharp expansion downward. Price closed near the lower band at 0.021698, indicating heightened volatility and a possible continuation of the downtrend.
Volume & Turnover
Volume spiked sharply near 0.022068, confirming bearish momentum. A notable divergence occurred near 0.022707, where price made a high but volume did not confirm the strength. Turnover increased proportionally with volume, supporting the bearish thesis.
Fibonacci Retracements
Fibonacci levels drawn from the recent high of 0.022707 to the low of 0.021674 show the price closing near the 61.8% retracement level at 0.02189, suggesting limited near-term support and a possible test of 0.021732.
Looking ahead, SPKUSDT may test the 0.021732 level, with a potential bounce if RSI rebounds into neutral territory. Investors should remain cautious as bearish momentum remains strong and divergence suggests further consolidation is likely.
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