Spark and DIA Cool Off - What's Next? | Credit: Veronica Cestari
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Key Takeaways
Spark (SPK) increased by 500% in the middle of July.
DIA surged by more than 200% but has fallen this week.
Will SPK or DIA be the first to mount a bullish trend reversal?
Spark (SPK) was the most talked about crypto asset in the middle of July because of its astonishing 530% price increase in a week.
Since then, the price has cooled off, but SPK is now approaching a key support level that could set the stage for another breakout.
Interestingly, DIA’s recent price movement looks strikingly similar to SPK’s previous rally, just a few days earlier.
Let’s take a closer look at both charts to see if SPK or DIA is ready to steal the spotlight again.
Spark Crypto Price Prediction
The SPK price began its rally on July 9 but didn’t catch fire until July 19, when momentum accelerated and pushed it to a new all-time high of $0.192 on July 23.
Since then, the price has pulled back sharply, but the correction has stayed within a descending wedge—a pattern often associated with bullish reversals.
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SPK is also trading near a strong support zone, aligning with the 0.618 Fibonacci retracement level, an area that often sparks reversals.
A decisive move looks imminent with the price now nearing the tip of the wedge.
The wave count supports this outlook, suggesting SPK is in wave four of a five-wave uptrend. If correct, wave five could send the price to a new all-time high.
However, momentum indicators do not show signs of a reversal, since the Relative Strength Index (RSI) and Moving Average Convergence/Divergence (MACD) trend downward.
Therefore, the Spark price prediction is still unclear, and the crypto could either reverse at the current level or fall to $0.064.
However, the long-term prediction is bullish, and SPK will likely reach a new all-time high in August.
SPK, DIA Fractal
Another small-market-cap altcoin that is closely related to SPK is DIA, and many crypto enthusiasts are using the price movement of one to predict the other.
The DIA price surged by more than 200% on July 19 and reached its high two days later, just before the SPK price reached its high.
Disclaimer:
The information provided in this article is for informational purposes only. It is not intended to be, nor should it be construed as, financial advice. We do not make any warranties regarding the completeness, reliability, or accuracy of this information. All investments involve risk, and past performance does not guarantee future results. We recommend consulting a financial advisor before making any investment decisions.
Valdrin Tahiri is a cryptocurrency analyst and reporter at CCN, specializing in technical analysis with a focus on Elliott Wave theory, on-chain metrics, and fundamental research. He brings over seven years of experience in the crypto space as both a trader and writer.
He discovered cryptocurrencies in 2017 while earning his MSc in Financial Markets at the Barcelona School of Economics, which sparked a deep interest in blockchain and market dynamics. Since then, he’s contributed to top crypto outlets like BeInCrypto and CoinGape.
Valdrin also served as Community Manager of BeInCrypto’s Telegram group for three years, helping grow it into one of the largest crypto communities worldwide. His expertise in market structure and price patterns allows him to break down complex trends into clear, actionable insights.
He’s published thousands of articles covering altcoins, Bitcoin cycles, and macro trends.
