SparkPoint $SPK Surges Above $0.040 Resistance with Growing Trader Participation

$SPK broke a descending channel on the daily chart, confirming bullish momentum supported by strong breakout volume and accumulation activity.

Intraday charts show $SPK trading above multiple VWAP levels, with retracements toward support zones, signaling continued upward pressure and momentum.

Spark’s TVL reached $9.916 billion across two chains, reflecting growing adoption, liquidity inflows, and enhanced confidence in its DeFi ecosystem.

$SPK (SparkPoint) recently surged after breaking a falling wedge pattern on the daily chart, signaling potential medium-term upside. Strong volume and accumulation activity indicate growing trader participation despite minor retracements near support.

Daily Chart Breakout Signals Bullish Trend

$SPK formed a clear descending channel on the daily chart, making consistent lower highs and lower lows. A recent breakout above the upper trendline signals a possible trend reversal.

Source: Captain Faibik Via X

The green box on the chart shows a projected price target of 0.105 USDT, implying a potential 156% gain from the breakout point. This estimate is based on standard technical measurement.

The breakout confirmed upward momentum with a strong bullish candle and volume . Traders see support around 0.038–0.04 USDT, a zone that fueled this recent surge.

Intraday Momentum and VWAP Indicators

On the 4-hour chart, $SPK surged past 0.040 USDT, surpassing multiple VWAP levels, including the 7-day rolling VWAP. This suggests increasing trader confidence.

Source: Cilinix Via X

Recent retracements are occurring toward short-term support at 0.040–0.041 USDT. Fair Value Gaps between 0.036–0.039 USDT could act as liquidity pools for potential retracements.

The green projection zone marks a continuation target near 0.051–0.052 USDT. Rising volume during the breakout indicates accumulation rather than distribution.

DeFi Performance and Total Value Locked

DeFiLlama ranks Spark sixth overall with a TVL of $9.916 billion. The protocol experienced a minor 1.83% drop in 24 hours.Over the past month, Spark’s TVL increased 12.60%. Growth reflects renewed investor participation, even as competitors like Lido and Binance staked ETH face negative trends.

The protocol operates across two chains, expanding user accessibility.TVL trends suggest steady adoption and enhanced confidence in Spark’s ecosystem for DeFi liquidity and lending.$SPK currently holds near 0.0401 USDT, a notable demand region.

$SPK shows cautious bullish momentum, eyeing 0.0422, 0.0439, and 0.0468 as possible targets if support remains intact. Traders are closely monitoring the breakout zone for further moves.

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