This week marks a turning point for two lesser-known but rapidly emerging tokens, Strike (STRK) and Spark (SPK). In mere 24 hours, both the tokens have witnessed dramatic rallies, bolstered by strong technical breakouts and strategic ecosystem updates. With retail traders and whales stacking in, Strike and Spark prices are flashing signs of momentum unseen in recent weeks. If you are considering on hopping onto the bandwagon, join me as I explore the potential short term targets.
Strike price is up a jaw-dropping 90.48% in the last 24 hours, soaring from a low of $5.48 to a peak of $15.06. At press time, STRK is changing hands at $13.59. The rally comes on the back of a decisive breakout above the $10.12 resistance, a level that was uncharted for weeks. Now, the price has even exceeded the 200% Fibonacci extension level at $13.18.
The Bollinger Bands on the 4-hour chart indicate an aggressive expansion, confirming increased volatility, while the RSI has risen above 73. Volume has exploded an astonishing 5,434.27% to $734M, hinting at growing institutional participation.
Fundamentally speaking, Strike’s shift to community-led governance and its talks with major exchanges like KuCoin and BitGet have renewed market confidence. STRK’s immediate resistance lies at $16.027, while key supports are placed at $12.568 and $10.12. A break above $16 could open a path to retest $18 in the near term.
Spark’s price has surged by 43.93% in a day, now trading at $0.06148, nearly doubling in a week. It broke cleanly above the crucial Fibonacci resistance at $0.0615, with RSI-7 rising to an extreme 91.53.
The 24-hour volume has risen a staggering 392.66% to $502 million, with the token climbing from a low of $0.04091 to a high of $0.07155. This breakout was triggered by strong buying pressure, confirming a decisive market shift.
If Spark sustains above $0.0615, the next key resistance lies at $0.075, followed by a medium-term target near its all-time high of $0.1257. However, caution is advised due to potential short-term pullbacks from overbought zones.
Both are in overbought zones, and short-term entries are risky without pullbacks.
A protocol governance shift and listing talks with major exchanges fueled bullish sentiment.
If momentum and volume sustain, $0.1257 is achievable in the medium term.
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