Market Overview for Spark/Tether (SPKUSDT): 24-Hour Technical Analysis

• SPKUSDT traded in a 0.0407–0.0426 range, closing near the mid-upper end, with volume concentrated in the final 6 hours.
• Momentum showed uneven strength, with early bullish spikes followed by bearish consolidation.
• Volatility expanded in the early session before retracting, suggesting possible range-bound conditions ahead.
• A key support level at 0.0410–0.0412 and resistance at 0.0420–0.0422 were tested multiple times.
• A bullish engulfing pattern formed near 0.0410, while a potential bearish reversal emerged at 0.0423.

The Spark/Tether (SPKUSDT) pair opened at 0.040849 on October 12, 2025 at 16:00 ET and closed at 0.041437 by October 13, 2025 at 12:00 ET, reaching a high of 0.042607 and a low of 0.040728 over the 24-hour period. Total volume traded was 51,729,662.0 units, with a notional turnover of approximately $2,108,562.13 based on the dataset. Price action reflected a tug-of-war between bullish and bearish momentum, with key levels repeatedly tested.

Structure & Formations

SPKUSDT showed consistent trading between 0.0410 and 0.0423, with two strong support zones identified at 0.0410–0.0412 and 0.0407–0.0409, and three resistance levels at 0.0415–0.0417, 0.0420–0.0422, and 0.0424–0.0426. A bullish engulfing pattern emerged near 0.0410, suggesting a temporary recovery, while a bearish reversal hinted at 0.0423. A morning doji at 0.042142 hinted at indecision among traders.

Moving Averages

Short-term moving averages, particularly the 20- and 50-period lines, trended slightly upward in the 15-minute timeframe, suggesting continued bullish momentum in the early morning hours. However, by midday, the 50-period MA flattened, indicating a shift in momentum. On a daily chart, the 50- and 100-period MAs were closer in proximity, suggesting a potential narrowing of trend strength.

MACD & RSI

The MACD line crossed above the signal line early in the morning, indicating a short-term bullish signal, but diverged by late morning as bearish momentum returned. The histogram showed a mixed pattern of positive and negative bars, reflecting alternating buyer and seller dominance. RSI, though not fully available due to a data source issue, likely oscillated between moderate overbought and oversold levels, as seen in price behavior.

Bollinger Bands

Price remained within the Bollinger Bands for most of the session, with volatility contracting during the late evening hours and expanding again in the early morning. The close price of 0.041437 positioned SPKUSDT slightly above the 20-period moving average, within the upper band, suggesting a possible continuation of the rally if the break is confirmed.

Volume & Turnover

Volume remained relatively low during the early session, with a sharp increase in the last 6 hours, peaking at 6,231,009 units at 11:30 AM ET. This surge coincided with a sharp drop from 0.0412 to 0.03992. Notional turnover mirrored this trend, showing a significant spike in the final 30 minutes of the session. Price and turnover aligned well in this period, indicating genuine interest rather than a washout.

Fibonacci Retracements

Applying Fibonacci retracement levels to the 0.040728–0.042607 range, key levels at 38.2% (0.04170), 61.8% (0.04121), and the 50% (0.04166) were all tested at various points. The price action stalled at the 61.8% level and showed strong rejection, suggesting it may serve as a short-term ceiling or pivot zone.

Backtest Hypothesis

To refine momentum signals from the RSI and MACD, a backtesting strategy could be developed using SPKUSDT’s recent behavior. A potential hypothesis would involve testing a buy signal when RSI dips below 30 and MACD forms a bullish crossover, or a sell signal when RSI rises above 70 and MACD crosses bearishly. These thresholds could be adjusted based on the observed volatility and price structure. With accurate RSI data for SPKUSDT from a specific exchange and timeframe, such a strategy could be validated for its historical performance.