SPK Price Recovers After Sharp Crash: Support Retest Sparks 30% Intraday Surge

SPK's price action mirrors the volatility endemic to altcoin markets, rebounding sharply from a 55% retracement of July gains. The token surged 30% intraday after testing support at $0.080, demonstrating resilience despite circulating supply concerns.

Fundamental metrics contradict the price slump. Staking capitalization ballooned from $65 million to $156.41 million within weeks, with $16 million inflows materializing in a single day. This divergence suggests institutional players may be accumulating during retail sell-offs.

The Spark ecosystem shows unusual robustness for a mid-cap project. SparkLend's TVL expanded by $11 million to $4.69 billion, while platform deposits approached $7 billion. Such growth in DeFi fundamentals typically precedes price appreciation, creating a bullish divergence.