Spark Price Battles Critical Support: Can Bulls Drive It to $0.0759?

Spark teeters on the edge—support holds the line as traders watch for the next big move.

Testing the Waters

Price action coils near key levels, with bulls eyeing that $0.0759 target. Momentum builds quietly—no flashy moves, just pure tension.

Market Pulse

Volatility whispers rather than shouts. Every dip gets bought, every peak gets sold—classic crypto behavior, really. Traders juggle hope and skepticism like pros.

The Finish Line

Will Spark ignite or fizzle? Watch the charts, ignore the hype—and maybe avoid betting your lunch money. Again.

Spark price has been falling 3.12% overnight to $0.06686 and losing nearly 10% over the past week. The token’s market cap now sits at $106.58 million, while trading volume surged to $541.6 million. SPK briefly rallied to $0.085 before retreating, suggesting that traders remain cautious NEAR resistance levels. 

The recent pullback coincides with notable institutional involvement in Spark’s ecosystem. Since early August, large holders have steadily accumulated SPK. This was highlighted by one entity deploying 1.15M ETH, which is worth around $79 million, into Spark’s DeFi infrastructure. 

Furthermore, Tether’s integration of Spark into its WDK platform on August 14 strengthened its institutional use case. These developments helped offset SPK’s 32% monthly decline, reinforcing confidence in its $6B+ TVL and competitive 12.65% USDS APY.

SPK Price Analysis

From a technical ground, SPK price found a solid footing at the 78.6% Fibonacci retracement level near $0.06645f. The RSI-14 has recovered from the oversold territory of 30 to current levels around 44. Meanwhile, the MACD reflects slowing bearish momentum.

Successively, the key resistance levels to watch are the 7-day SMA at $0.0735 and the pivot point at $0.0759. A confirmed daily close above $0.0759 WOULD justify a short-term reversal, thereby opening the door toward $0.0835. On the flip side, failure to hold above $0.066 could expose SPK to fresh lows, with secondary support around $0.05957.

Overall, traders are viewing the $0.066–$0.069 range as an accumulation zone, given SPK’s 75% rally during the 60 days preceding July’s correction. However, momentum remains fragile until bulls reclaim the $0.0759 threshold.

FAQs

Whale buying signals confidence, but broader market corrections and profit-taking have weighed on price.

Support is around $0.066, while resistance sits at $0.0735 and $0.0759. A close above $0.0759 would indicate bullish reversal.