SPK Coin Breaks Downtrend With Help From Coinbase CEO — What’s Next?

Spark (SPK) has recently broken its downtrend, thanks to a public shoutout from Coinbase CEO Brian Armstrong. 

This single mention has catalyzed a massive rally in SPK's price, causing it to surge by over 40%. 

We will delve into how Coinbase’s CEO’s support helped change the trend for SPK and what this means for the token's future price movements.

How Coinbase CEO Brian Armstrong’s Support Impacted SPK Price

On August 2, 2025, Coinbase CEO Brian Armstrong praised Spark (SPK) for facilitating Bitcoin-backed loans to Coinbase users. This public acknowledgment triggered renewed market interest, and in a matter of hours, SPK’s price surged by more than 40%.

Armstrong’s comments highlighted the role Spark plays in powering a decentralized finance (DeFi) ecosystem that facilitates Bitcoin-backed loans.

This external validation from a highly influential figure like Armstrong was enough to flip the market sentiment. As the cryptocurrency market is driven largely by sentiment, this endorsement from a trusted figure encouraged investors and traders to re-engage with the token.

Read Also: Spark (SPK) Price Prediction August 2025: Outlook, Analysis & Forecast

As a result, SPK saw an impressive price jump, recovering from a downtrend that had persisted for several weeks. At press time, the Spark token trades at $0.13, still 33% below its all-time high, but showing strong bullish momentum as it pushes toward higher levels.

Technical Indicators Show a Bullish Trend Reversal

The price chart of SPK has been showing a promising trend reversal. The 4-hour chart depicts the breakout from a descending triangle pattern, a key signal that the downtrend has ended, and a new bullish phase has begun.

Spark’s price has now breached the 50% Fibonacci retracement level at $0.1096, which is a significant resistance point.

It is now trading above the 50-period moving average, with momentum indicators like the Moving Average Convergence Divergence (MACD) turning bullish, signaling an upward trend.

The Chaikin Money Flow (CMF), which measures the amount of money flowing into an asset, has also risen above the zero line, indicating accumulation is outpacing distribution.

With the MACD crossover and rising CMF, Spark is poised for further upward movement, especially as smart money continues to accumulate. The rising buying interest suggests that the trend reversal could be sustained for a longer period.

On-Chain Data Indicates Growing Confidence in SPK

The market value to realized value (MVRV) ratio is a key on-chain metric that tracks the profitability of holders. For Spark, this ratio has recently risen to -11.80, signaling a reduction in unrealized losses among holders.

lthough still negative, the rise in the MVRV ratio indicates that the price increase is beginning to ease sell pressure. When this ratio moves closer to zero, it suggests that the token is undervalued and that buying pressure may intensify.

The increase in the MVRV ratio is particularly important as it highlights that investors are gaining confidence in SPK’s potential. If this upward trend continues, the Spark token could see more sustained accumulation, paving the way for higher price levels in the coming weeks.

Read Also: Spark (SPK) Airdrop: Claim Huge Rewards Before It Ends!

What’s Next for SPK: Price Predictions and Key Resistance Levels

Looking at the 2-hour chart, a similar bullish structure is emerging. The Awesome Oscillator (AO) is showing green histogram bars, signalling that the momentum is shifting in favor of the bulls.

The Supertrend indicator is also aligned with the price action, reinforcing the idea of strong underlying support for SPK.

The immediate resistance for SPK token is at $0.16. If it manages to break this level, the next target could be $0.18. A clean break above $0.18 would open the doors for the token to approach $0.29, potentially reaching new all-time highs.

However, it is essential to keep in mind that if SPK fails to break the overhead resistance, it could face a pullback toward the $0.10 level. Therefore, traders need to keep a close watch on these key resistance levels.

Conclusion: Should You Buy SPK Now?

Spark has shown incredible strength in reversing its downtrend, with a major boost coming from the support of Coinbase CEO Brian Armstrong. 

The price surge, combined with bullish technical indicators and positive on-chain data, suggests that SPK could be on the path to higher levels.

For investors, SPK presents an opportunity, but caution is necessary. As always, it is important to evaluate market conditions and conduct thorough research before making investment decisions.

If the current momentum holds, SPK could very well challenge its previous highs and become one of the top-performing tokens in the market.

If you're looking to trade SPK or want to stay updated with cryptocurrency news, visit Bitrue Exchange or read the latest insights on Bitrue Blog.

FAQ

Why did SPK’s price surge recently?

The surge was triggered by a public shoutout from Coinbase CEO Brian Armstrong, praising Spark for facilitating Bitcoin-backed loans. This led to a rapid increase in market interest.

What technical indicators show that SPK is in a bullish trend?

The 4-hour chart shows a breakout from a descending triangle, with the MACD turning bullish and the Chaikin Money Flow (CMF) rising above zero. These signals suggest a strong upward trend.

What does the MVRV ratio indicate about SPK?

The MVRV ratio has risen to -11.80, signaling that unrealized losses are shrinking. A rise in MVRV suggests cooling sell pressure and could precede further accumulation.

Where is the next key resistance for SPK?

The next major resistance is at $0.16. If SPK breaks this level, it could target $0.18 and potentially higher levels, like $0.29.

Should investors buy SPK now?

While SPK shows bullish momentum, investors should closely monitor key resistance levels. If SPK breaks $0.16, further upside is likely, but failure to do so could lead to a pullback.