Good morning everyone, how are you all? I have been watching the spk/USDT chart very carefully for the past few days. Sometimes it happens—even if the price does not fluctuate much, there is pressure building up inside. I am observing the same thing in the case of spk. Looking at today's screenshots, it can be understood that the market is not completely calm; rather, there has been a fluctuation in the psychological war between buyers and sellers.
Money-flow data: Small investors are selling, large ones are slowly accumulating. The first thing that caught my eye when looking at the money flow analysis, LARGE BUY = 16.43M, LARGE SELL = 13.48M
That means large investors are relatively small, but more on the buy side. But the problem lies elsewhere thee SMALL SELL = 109.29M, which indicates panic or profit booking by small traders.
This point seems very important to me because I notice that small traders are selling, but the big ones are not completely behind—they are slowly taking positions. Usually, when a large inflow starts, a patient bullish tone is created in the market, although the small ones do not realise it at first.
From the chart: The price shows the possibility of a rebound, even if it goes down.n
Looking at the 5-minute candle of the chart, it is clear that the price was in a downtrend. MA7, MA25an, and MA99 are all located upwards, which indicates that the price is still under pressure.
But here I saw a positive thing—
The price is slowly trying to rebound again after going down to 0.022542. The MACD line is also gradually moving towards neutral.
These are usually situations when the excessive selling pressure in the market decreases, and buyers become active again.
SPK’s market cap is now $66M, and its fully diluted cap is $256M—my first thought was that the price is not too pumped yet. Circulating supply is 2.59B, and total supply is 10B—this gap could make the price movement more aggressive in the future.
Also, volume (24h) = $39.97M, which is about 60% of the market cap. This means that activity is not low—liquidity is good.
In my experience, such volume levels usually signal a new big price movement in the market. All-time highs and lows made me optimistic.
SPK’s all-time high was $0.1864, and now it’s only $0.026—meaning the price would have to increase by about 7x–8x to return to its previous peak.
It is difficult to say whether it will happen immediately, but at the same tim,e such a level makes me think it is undervalued. Because when the market rises from an all-time low, the first rally is usually strong.
The picture that has formed in my head after seeing everything with my own eyes, comparing the data, and observing the charts is that SPK is still in a calm state before a major movement. Small traders are selling out of fear, but large traders see an opportunity there.
Although the price has not fallen much, it is still under pressure, but buyers are building strength inside. If the large inflow increases a little more, the MACD turns positive and closes above the MA25, then the next rally could be very fast.
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