🚀 Spark (SPK) Explodes: $147M Volume Surge Fuels Rally Toward $0.22

SPK isn't just sparking—it's catching fire. With trading volume hitting $147 million, this altcoin's momentum could rewrite its price trajectory overnight.

The Volume Tsunami

When a token flips $147M in trades, markets listen. SPK's liquidity surge suggests either a whale feeding frenzy or retail piling in late—as usual.

The $0.22 Gambit

All eyes now pivot to that psychological resistance level. Break it, and SPK joins the 'post-pump VIP club.' Fail, and bagholders get another masterclass in 'diamond hands' denial.

One thing's certain: in crypto, volume never lies... but it loves to exaggerate. Just ask the 'stablecoin yield farmers' now babysitting worthless governance tokens.

• Spark (SPK) surges 14.56%, targeting $0.22 amid a strong technical breakout.
• Derivatives volume jumps 124%, supporting the SPK rally with increased institutional participation.
• RSI hits 84.50, confirming the overbought zone as momentum indicators signal bullish continuation.

Spark (SPK) is making headlines as its price jumped 14.56% to reach $0.167. Daily trading volume on Coinbase surged past $147 million, making SPK one of the top gainers. With bullish momentum still strong, $0.22 is the next major target.

Spark Targets $0.22 as Fibonacci Aligns

The current breakout follows a clear technical structure. On the 4-hour chart from TradingView, Spark has decisively moved above key Fibonacci retracement zones.

The price is now trading well above the 0.618 Fib level, confirming strong bullish dominance. The 2.618 extension at $0.22 has emerged as the next projected resistance.

Additionally, SPK ROSE exceptionally high above the session VWAP at $0.1395, which implies a strong buyer interest. This convergence of Fibonacci growth and VWAPs favors a trend that will see the token rise to $0.22.

The sharp rise in price has left behind several small resistances. These are now bound to become support levels in case SPK retraces.

VAWP and Fib. Source: TradingView

MACD and RSI Validate Spark’s Strong Surge

The breakout is confirmed by momentum indicators. The MACD is bullish, as the MACD line has crossed over the signal line.

The bars of the histogram are still growing, indicating that there is more upward pressure. The RSI has moved in to extreme levels too.

The RSI of SPK now reads a value of 84.50, which is an indication of overbought. This level is mostly followed by either a small correction or a consolidation.

Nonetheless, there are instances where the price keeps going up even when an RSI becomes overbought. As of now, the RSI indicates that the upward trend is in place.

These signs align with the prevailing bullish trend of altcoins this week. However, what makes SPK special is that it has the strongest derivatives activities.

MACD and RSI. Source: TradingView

Derivatives Data Support SPK’s Rally Strength

According to Spark’s derivatives information, there is a sharp increase in trading interest. Per the recent statistics by Coinglass, derivatives volume grew by 124.13% to $9.3 billion.

The open interest increased by 50.04% to reach $193.62 million. That leap implies that Leveraged investors are putting on a bet that their gains will continue to go up.

This, together with an increase in volume on the spot of Coinbase, indicates sustained buying power from all markets.

Source: Coinglass

This MOVE has been vertical, and the pullbacks are at a minimum. That is what makes the price susceptible to volatility and the power of the continuing trend stronger.

Bullish rally does not only occur in spot trading. Derivative measures indicate that the rally is supported by an actual inflow of capital.

On-chain metrics indicate an increasing number of users taking interest in SPK. There have been no significant selling pressures in the move.

In the NEAR term, SPK is still bullish provided that its price does not go below $0.14. Further breaks above the $0.18 mark may open the path to $0.22. This is the next significant Fib level.

Should it break out and touch $0.22 or surpass it, SPK has the potential of returning to previous resistance levels. These were levels tested in the first months of 2025.

But an inability to sustain the existing positions may lead to a retest of VWAP levels around $0.139. The underlying rally across the crypto market provides an additional boost for this coin’s price rise.

Also, Bitcoin is still trading above $120,000. Hence, altcoins have room for further gains, considering there is no significant macro pressure. Right now, SPK is among the most successful tokens of the week.