SPK Skyrockets 30% in Wild Rebound—Dead Cat Bounce or Bullish Revival?

SPK defies gravity with a jaw-dropping 30% intraday surge after brutal sell-off. Was this the ultimate 'buy the dip' moment—or just another trap for overleveraged degens?

Support level holds firm—for now. The token's violent recovery comes after retesting a critical price floor, triggering algorithmic buy orders and FOMO from sidelined traders. Classic crypto whiplash.

Market makers love this volatility. Tight spreads during the rebound suggest liquidity providers capitalized on panic sellers—then flipped the script to squeeze shorts. Never let a crisis go to waste, right?

Warning lights still flashing. While the bounce looks impressive, SPK remains 60% below its ATH. Traders chasing this rally might discover that in crypto, 'technical support' is just institutional speak for 'temporary speed bump'.

Closing thought: If SPK holds these gains through the NYSE closing bell, we might actually see some hedge fund analyst tweet about 'decentralized value accrual' with a straight face.

After shedding over 55% of its July gains, the SPK price is once again attempting a recovery as technical and fundamental factors align as August approaches. Notably, the token most recently bounced back from a key support level with a strong 30% intraday surge, raising investor interest despite ongoing token dilution concerns.

SPK Price Slumps to Monthly Lows Despite Strong Network Growth

Following its recent rally, the SPK price has faced a sharp correction that pushed the token to its lowest swing since July 22. The rally faltered to a low of $0.080, cutting its market capitalization to $89 million from its all-time high of $190 million.

Interestingly, this selloff occurred despite a surge in its fundamental factors such as staking activity and improved on-chain fundamentals.

For instance, the staking market capitalization has jumped from over $65 million on July 4 to $156.41 million, and a recent $16 million increase in just 24 hours. It clearly suggests a growing and healthy long-term confidence among investors, even as short-term sentiment fluctuates.

Network Activity Paints a Bullish Backdrop

Adding to the optimism, the Spark crypto’s broader ecosystem continues to expand. 

The data shows that the SparkLend, which is its DeFi lending platform saw its total value locked (TVL) to climb by over $11 million, reaching over $4.69 billion. Deposits across the platform ROSE to $6.95 billion, while revenues have also accumulated to $68.41 million.

Meanwhile, total savings assets have rose by $19 million in the past 24 hours to $2.41 billion, further reinforcing the notion that activity across the network remains robust. These metrics point to increasing user participation and trust in the Spark protocol, even as the SPK price had experienced downward pressure in late July.

Ongoing Dilution Poses a Long-Term Risk to SPK Price

Despite these bullish signals, one things irritates the investors eye and that is its tokenomics. The token dilution remains a significant concern for SPK holders. 

The CoinMarketCap data reveals that Spark is releasing approximately 4.65 million new tokens daily, which is worth over $373,000. 

The supply schedule is aggressive, with the next major unlock of 904.65 million tokens set for June 2026. Scheduled unlocks will continue through 2035, potentially weighing on future SPK price stability.

This steady increase in supply could limit price upside unless matched by growing demand. As such, market participants remain watchful of both staking inflows and token release timelines.

Technical Bounce Signals SPK Price Retesting Support

Despite the supply-side concerns, a technical rebound has caught attention. In the last 24 hours, the SPK price surged by 30%, reaching $0.1010, with spot trading volume climbing to $399.09 million. 

This bounce came after the token retested a key zone that has meet renewed with bullish renewed demand.

$SPK

UPDATE #SPK has completed the retesting period. Now getting a good support here. Expecting 150%+ gain here#SPKUSDT #SPKBTC #BTC #Bitcoin #Crypto pic.twitter.com/EYZycY6PTk

While this rebound may signal a short-term shift in sentiment, some traders are interpreting it as a continuation of the token’s retesting phase, and could attain a 150% jump towards $0.30.