SPK crypto up 280% in 30 days – Will the rally hold in August?

Key Points

1. SPK's price surged 280% in 30 days, peaking at a 400% rally from $0.036 to $0.19 in late July before cooling off.

2. The rally was driven by the staking craze, Spark Farm's launch, and a shout-out from Coinbase CEO Brian Armstrong.

3. SPK's Total Value Locked (TVL) grew from $6.3 billion to $8.18 billion, reflecting strong network growth.

4. A buy signal on the Supertrend indicator suggests potential for further gains, but $0.12 must hold as support to sustain bullish momentum.

5. Failure to maintain key support levels could lead to a drop toward $0.11 or $0.09, while On-Balance Volume (OBV) must strengthen for a sustained recovery.