The price of Spark Crypto became perfect on Monday, which exceeded 32% and as the best performing tokens.
Summary
- Spark tokens jumped as smart money investors kept growing.
- The whale has continued the deposit as the exchange of exchange, the whale.
- Spark staging inflows continued to grow this week.
Spark (SPK) at a high level of $ 0.1276, its highest level since 25 July, and now its monthly is at least 65% above. This increase occurs in a high-volume environment, with a daily volume to $ 338 million, which crosses its market capitalization of $ 137 million.
Spark Crypto Price Buys Smart Money
The SPK Price jumped as on-chain data, detected the accumulation by a smart money investor. Nansen data suggests that the investor bought tokens worth more than $ 347,000 in the last 24 hours.
Data also shows that Smart Money Investors are now more than 1.85 million tokens in the last 7 days, which is up to 304% in the last 7 days.
The tendency of accumulation has also increased to the whale. Wallets classified as whale are now 5.34 million SPK tokens, which increased by 67% on the last Monday.
This accumulation coincides with 13% drop token tokens on exchanges, which has fallen to 556 million in the last seven days. A possible cause is on July 7, above 81 million, at 163.27 million, increasing number of tokens.
Investors track whale and smart money behavior due to their influence in the market. Whales are large individual or institutional holders, which refers to smart money traders with consistent trades of profitable trades.
The signs of ongoing accumulation in the utility of sparks increase. The total value of the token is closed, climbing to about 7 billion dollars. In a recent post on X, CEO Brian Armstrong, CEO of Coinbase, highlighted how Spark has strengthened its bitcoin-supported loans.
SPK Price Technical Analysis
The four -hour chart suggests that the price of Spark Crypto has jumped in the last few days. For this reason, it may have taken it for excessive Bulis Inter-Sholders pattern.
The SPK is broken at $ 0.1096 from 50% Fibonacci Retress Level and is now trading above average due to 50-period. The relative power index has also increased by 75, which indicates the speed of strong boom.
Given this setup, the SPK prefers to grow growing, in which Bulls have resisted at $ 0.1522, 23.6% fibonacci retracement level. However, a step below $ 0.10 support will make the outlook invalidate fast.
