SPK Soars 30% on Strong Buyer Activity, Nears $0.126 Resistance

SPK has experienced a significant price surge, rising over 30% in a single day and breaking past the $0.12 psychological level, reaching an intraday high of $0.125656 during the 4-hour trading window [1]. The move was supported by increased trading activity, with 314.61 million SPK traded in 24 hours, signaling strong buyer interest and accumulation near the $0.089040 support level. This has reinforced the bullish trend that has pushed the token to a 37.2% gain over the past seven days.

The upward momentum began following consolidation around the $0.09096 level, with a series of green candles on the 4-hour chart confirming the formation of a bullish structure. After reaching the daily high, SPK retraced slightly, consolidating near $0.120232 and forming resistance close to $0.126. While sellers have temporarily rejected further upward movement beyond that level, buyers continue to hold control, as indicated by the green candle on the 4-hour chart [1].

Trading volume in USDT also surged, with 33.30 million USDT transacted over the same period, further highlighting the strength of buyer participation. Analysts from Crypto Candy suggest that SPK could experience a potential 25% price increase, driven by sustained market interest and strong bullish momentum [1]. The token has outperformed Bitcoin and Ethereum, posting a 35.2% gain against BTC and 32.8% against ETH, reinforcing its broad strength in the market [1].

The current price of $0.1244 for SPK represents a continued move toward the upper end of the $0.120–0.126 range. Market participants remain attentive to price action, particularly as the token approaches the $0.126 resistance level. A decisive breakout or rejection at this level could determine the next phase of the price trajectory.

Source:

[1] SPK Breaks Above $0.12 With 30% Surge as Buyers Dominate 4H Chart (https://cryptonewsland.com/spk-breaks-above-0-12-with-30-surge-as-buyers/)