{"id":5818,"date":"2025-07-25T15:36:01","date_gmt":"2025-07-25T15:36:01","guid":{"rendered":"https:\/\/bitunikey.com\/news\/spark-price-rebounds-but-is-it-a-dead-cat-bounce\/"},"modified":"2025-07-25T15:36:12","modified_gmt":"2025-07-25T15:36:12","slug":"spark-price-rebounds-but-is-it-a-dead-cat-bounce","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/spark-price-rebounds-but-is-it-a-dead-cat-bounce\/","title":{"rendered":"Spark price rebounds\u2014but is it a dead cat bounce?"},"content":{"rendered":"<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">Spark\u2019s price rebounded on Friday, July 25, as the supply of its tokens on exchanges plummeted, its total value locked increased, and following its integration with THENA.\u00a0<\/p>\n<div id=\"cn-block-summary-block_2ed3e176853ccae30751f382e259da44\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>Spark price rebounded as exchange balances dropped to a record low.<\/li>\n<li>The token also jumped as its total value locked rallied to $8 billion.<\/li>\n<li>Spark Network was also integrated on THENA.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>The Spark (SPK) token price jumped by over 15%, reaching an intraday high of $0.1335. This rebound brought its market capitalization to nearly $130 million.<\/p>\n<h2 class=\"wp-block-heading\">Spark rebounds as exchange balances fall<\/h2>\n<p>The SPK token jumped on Friday as third-party data showed that exchange reserves continued their downward trend, a sign that investors are not dumping it. There are now 382 million tokens on exchanges, down from 613 million on Monday.<\/p>\n<p>Additional data indicates that top investors have continued to accumulate the Spark token. They now hold over 9.97 billion tokens, much higher than this week\u2019s low of 9.77 billion.\u00a0<\/p>\n<p>Further, more Spark holders are moving their tokens to their staking pools. Over 136 million tokens by over 3,400 users have been staked it, a figure that is growing by the day.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<p>The ongoing accumulation is likely due to its fundamentals, as Spark is one of the biggest players in decentralized finance. According to <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/defillama.com\/protocol\/spark\" target=\"_blank\">DeFi Llama<\/a><strong>, <\/strong>the total value locked is over $7.93 billion, representing a 26% increase in the last 30 days.\u00a0<\/p>\n<p>All parts of its business are growing. The Spark Liquidity Layer\u2019s assets jumped by $126 million to $4.4 billion, while its savings and lending total value locked stood at $2.36 billion and $4.46 billion, respectively.\u00a0<\/p>\n<p>This growth could continue after the company is listed on THENA, the third-largest decentralized exchange on the BNB Chain.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\"><a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24SPK&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$SPK<\/a> launched with a big bang, and now <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/sparkdotfi?ref_src=twsrc%5Etfw\" target=\"_blank\">@sparkdotfi<\/a> joins THENA!<a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/search?q=%24THE&amp;src=ctag&amp;ref_src=twsrc%5Etfw\" target=\"_blank\">$THE<\/a> rewards for liquidity providers have already kicked in.<\/p>\n<p>Trade on spot and perps. Stake, vote, and earn. <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/t.co\/2DEaOsKP5j\" target=\"_blank\">pic.twitter.com\/2DEaOsKP5j<\/a><\/p>\n<p>\u2014 THENA (@ThenaFi_) <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/twitter.com\/ThenaFi_\/status\/1948312424211222683?ref_src=twsrc%5Etfw\" target=\"_blank\">July 24, 2025<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Still, there is a risk that the ongoing Spark crypto price rebound is a dead cat bounce. A DCB is a situation where an asset in a freefall bounces back temporarily as investors buy the dip, only to resume the downtrend.\u00a0<\/p>\n<h2 class=\"wp-block-heading\">SPK price technical analysis<\/h2>\n<figure class=\"wp-block-image size-full\"><picture loading=\"lazy\" decoding=\"async\" class=\"wp-image-14399992\"><source type=\"image\/webp\" ><\/source><\/p>\n<\/picture><figcaption class=\"wp-element-caption\">Spark price chart | Source: crypto.news<\/figcaption><\/figure>\n<p>The four-hour chart shows that the SPK price peaked at $0.1898 on July 23 and then plunged by 52% to a low of $0.09052 on Thursday. This decline was likely due to the ongoing crypto crash and profit-taking after the asset jumped by over 500% within a few days.<\/p>\n<p>Spark token dropped to a low of $0.09075, which was along the 61.8% Fibonacci Retracement level. This retracement point is also known as the golden ratio, as it is where most rebounds typically occur.\u00a0<\/p>\n<p>Spark price also rebounded after forming the hammer candlestick, which is made up of a small body and a long lower shadow. A hammer is one of the most popular bullish reversal patterns.\u00a0<\/p>\n<p>Therefore, the most likely scenario is where Spark continues its rebound and reaches the all-time high of $0.1898. A drop below the lower side of the hammer will confirm that this is a dead-cat bounce and lead to further downside.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n<p><script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Spark\u2019s price rebounded on Friday, July 25, as the supply of its tokens on exchanges plummeted, its total value locked increased, and following its integration with THENA.\u00a0 Summary Spark price&hellip;<\/p>\n","protected":false},"author":1,"featured_media":5743,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-5818","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5818","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=5818"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5818\/revisions"}],"predecessor-version":[{"id":5819,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/5818\/revisions\/5819"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/5743"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=5818"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=5818"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=5818"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}