Spark (SPK) Shines Bright… But Is It Just a Glitter Shower? 🔥🌟

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So, Spark (SPK) just blasted off like it found the last slice of pizza — up over 90% in a single day and setting a shiny new record at $0.121 on July 23. The hype around the Ignition airdrop is still fueling the mood, but the charts are basically saying, “Hold my beer, I need one more big push before this thing can go full moon.” 🚀✨

The big question now: is everyone rushing to dump their coins back on those exchanges, or is this just a fleeting moment of euphoria? Basically, we’re watching if the momentum can beat its last high or if we’re about to see a quick market hangover. Spoiler: The chart drama never sleeps.

Exchange Inflows Are Basically Saying, “Yup, Selling Time!”

Picture this: your token nearly doubles in 24 hours, and the first thing you ask yourself is, “Should I sell before the crash?” That’s why the hourly netflow chart is basically the gossip column of crypto investing.

SPK netflows? Still positive, my friend. That means deposits are still outweighing withdrawals, even though the price’s recent rollercoaster has some investors clutching their profits. 📉

Price’s been giving back some of those gains, so if more coins keep pouring in, watch out. Because more coins on the market? That’s just a fancy way of saying “sellers with a grin.”

Netflow’s like the weather forecast of crypto: if inflows keep climbing while prices stay flat, it often hints that a pullback is waving hello. Even in shiny bullish times, the clouds are gathering.

RSI’s Mood Swing: Will It Ruin the Party? 😬

Now, onto the 1-hour RSI — think of it as Spark’s emotional state on a caffeine rush. Since this move is hot off the press, the momentum shifts faster than you can say “FOMO,” making the hourly chart your best friend or worst enemy.

Back on July 21-22, RSI made a higher high right alongside the price, which basically gave everyone a green light for the rally. Classic good vibes.

Right now? Spark’s price is nose-deep in an ascending wedge, but RSI? It’s just chilling around 80 — like it’s trying to be cool but isn’t quite hitting that last high. The price is doing its thing; RSI is just.. there.

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If RSI can’t scream higher along with the price, it might be time for a little dip, a tiny pause before the next big leap. Think of RSI as the mood ring of crypto; if it fades, the party’s probably pausing.

SPK Price: The $0.124 Line in the Sand 🏖️

The wedge’s top almost perfectly lines up with that mystical 0.618 Fibonacci level around $0.124 — basically the glittery “Make It or Break It” level for traders.

SPK has already flopped there twice — like trying to do a backflip and landing on your face. The price dropped from $0.117 to about $0.111, so now? Bulls need to step up and defend that $0.110 zone.

If they don’t, we could see it slide down to $0.101 — the old swing high just hanging out like, “Yeah, I was pretty important.”

Below that? $0.087, which is basically the floor for now. But if SPK loses grip there, watch out for $0.070 — the bear’s favorite zone, where the uptrend might just call it a day. 📉

But wait, if the price can crush through $0.124 with RSI breaking higher and inflows slowing down, the door’s wide open for another moonshot, and we’re probably looking at a shiny new all-time high. 🚀🌕

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2025-07-23 18:47