Will Spike began to $ 1? star-news.press/wp

The Spark Token price rose to a record level this week, as it continued the direction that started on July 9 when it crashed to the lowest level ever.

Spark (SPK) rose to $ 0.096 in the last selection on Tuesday from its lowest level at $ 0.0467. This increase occurred in a high -size environment, with a trading volume of $ 1.28 billion.

Price spark jumped, where the statements of the external parties showed that the growth of the network was accelerating. according to Davi flameThe overall value of the important sign has expressed $ 8 billion for the first time.

Spark’s TVL jumped by 38 % at the last 30 days, making him the fifth largest player in decentralized financing after AAVE, Lido, Eignlayer and Eterfi.

Most of Spark’s assets are found in the lending protocol, which is more than $ 4.8 billion, followed by a savings platform with $ 2.45 billion. The SPAR liquidity layer contains $ 4 billion of assets and will make an estimated $ 212 million of annual revenue.

Almost SPARK savings platform 20000 Users and more than $ 2.45 billion in assets under management. Constant asset growth means more revenues for Spark. It has achieved more than $ 66 million of fees and $ 5.6 million of revenues in the past 12 months.

Spark Price also jumped as investors continued to share symbols. More than 120 million SPK coins have fallen since Airdrop in June. Many of these users direct their symbols due to Spark points, which enable users to share and earn Spark Symbiotic points, which have a 3X double.

Spark Token Rallly coincided with the continuous gains between Defi symbols, with popular names such as AAVE, UISWAP, and eignlayer in double numbers.

Technical analysis of the spark price

The three -hour graph shows that the price of the distinctive symbol of drinking has recovered after recovery at $ 0.029 on July 9. It has slowly formed a cup style and handle, which is a famous continuity sign in technical analysis.

This was C&H, about 55 % depth. Therefore, measuring the same distance from the upper side of the cup gives the target price at $ 0.1030, which is about 55 % higher than the current level. The decrease without support at $ 0.05 will nullify the up expectations of the bullish spark.