SPKUSDT Breaks Out as RSI Hits Oversold, Volume Surges

Summary
• Price rebounded from 0.022494 before forming a bullish engulfing pattern near 0.022585.
• RSI hit oversold levels below 30, suggesting potential short-term buying pressure.
• Volume spiked during early morning ET, coinciding with a breakout above 0.022948.

Market Overview

Spark/Tether (SPKUSDT) opened at 0.022718 on 2026-02-13 12:00 ET, reached a high of 0.023306, a low of 0.022492, and closed at 0.022791 on 2026-02-14 12:00 ET. Total volume was 22.58 million SPK, with a notional turnover of approximately $557,586.

Structure & Formations

Price formed a bullish engulfing pattern at 0.022585, indicating a potential reversal from bearish to bullish bias. A key support level appears to be forming near 0.022494, where price consolidated briefly. A doji at 0.022519 suggests indecision among traders following the rebound.

Volatility and Indicators

Bollinger Bands showed a moderate expansion during the early ET session, aligning with the breakout above 0.022948. RSI dropped to oversold territory, supporting the view that a bounce is more likely than further decline. MACD turned positive after a brief bearish divergence, indicating improving short-term momentum.

Volume and Turnover

Volume surged early in the session, especially between 01:00 and 02:00 ET, as price broke above key resistance. Turnover rose in tandem with price action, confirming the bullish breakout. No significant divergence was observed between price and turnover.

Fibonacci and Trend Bias

Fibonacci retracement levels from the 0.022492 to 0.023306 swing suggest a potential target near 0.023046 (38.2%), which has already been tested twice. The 50-period moving average on the 5-minute chart now supports the upward trajectory, while the 200-period daily MA remains bearish.

Looking ahead, SPKUSDT appears to be testing the 0.023046 level again, with a potential for a consolidation phase if buyers hold the 0.022791 close. Traders should remain cautious of a pullback if 0.022903 (Fib 23.6%) breaks, as it could trigger renewed bearish momentum.