- SPK surged over 30% in a day, breaking past the $0.12 psychological level with 314.61M SPK traded, signaling intense buyer interest.
- The uptrend was initiated following the consolidation around the mark of 0.09096 and each following green candle affirmed the bullish formation on the 4H timeframe.
- The price broke temporarily to reach 0.125656 and reversed, and 0.126 set as an up resistance target in the short-term, with a potential breakout or rejection.
SPK recorded a notable upward price move within the last 24 hours, gaining over 30.70% and trading at $0.120232 . The digital asset broke past the psychological $0.12 mark during the 4-hour trading window, reaching an intraday high of $0.125656.
This movement came after strong accumulation near the $0.089040 low. SPK’s bullish momentum over the past seven days also pushed the asset to a 37.2% weekly increase. With rising volume and tight technical range, the market reflected clear dominance by buyers.
SPK Breaks Out as Volume Confirms Accumulation
Earlier price action shows that SPK had been trading around the key support level of $0.09096 before the breakout began. The increase began during a low-volatility phase that saw consolidation across smaller timeframes. As buyers stepped in, volume rose sharply to 314.61 million SPK within 24 hours, indicating high demand. According to Crypto Candy analysts, $SPK could see a potential pump of up to 25%, driven by strong bullish momentum and sustained market interest.
Additionally, SPK traded 33.30 million USDT over the same period, reinforcing the surge in participation. These figures underline the strength of accumulation pressure from lower levels. The recovery from support proved sustained, with successive green candles on the 4-hour chart confirming market strength.
SPK Consolidates as Bulls Eye Breakout
After reaching the daily high of $0.125656, SPK pulled back slightly and hovered near $0.120232. Resistance has formed close to the $0.126 level, which previously capped price action during the upward wick. Although sellers rejected further upside beyond that point, the structure remains intact above $0.12.
The current candle on the 4-hour chart remains green, showing that buyers still maintain control, at least in the short term. Notably, if price re-tests the $0.126 zone, trading volume may offer insight into whether a breakout or rejection follows.
The current price of $0.1244 of SPK is 37.2 percent higher compared to the seven-day preceding growth, as supported by its excellent BTC and ETH ties. This token has posted a 35.2% rise over Bitcoin and 32.8% against Ethereum, showing it is having a wide strength. This inter-market strength adds to the bullish nature that has been developing since the area of $0.09. Momentum is continuing towards the upper end of the $0.120-0.126 range and participants are closely monitoring price action to determine short term direction.
