DeFi · rank #324

Spark SPK

SPK cycle analysis · chart, confirmed lows and fundamentals

$0.0196+0.1% 1d-3.7% 7d-8.5% 30d

Red List Recovering held Phoenix · monthly · score 65 mixed

69.4% below its 365-day high of $0.0641 (2026-04-23), +50.8% off the 365-day low. Snapshot 2026-10-21 UTC.

From the peak to today, log scale
0.013240.04840.1772025-062026-022026-10peak 0.19low 0.013 (93%)false bottommonthly trigger 0.02415
Where it stands

On the Red List.

Held on the Red List: it last met the Red List rules on 2026-10-20. Today it reads Amber List; a tier moves down only after five consecutive scans below its rules.

Recovering: a monthly swing low has confirmed. The badge coexists with the tier; it is not a completed recovery.

Phoenix monthly: stopped falling by the rules, +50.8% above the Aug 2026 trough. Details below.

What changed

Since the previous scan.

Tier, recovering badge and Phoenix state are unchanged between these two observations.

Comparing 2026-10-20 with 2026-10-21 UTC. Classification, not price returns.

Recorded timeline →

Where it sits in each cycle

a swing low confirms only when a later bar takes out the low bar's high

Monthly 2U

Last bars
2Dr 2Dr 3g 2Ug 2Ur
Confirmed low
$0.0130 · 2026-08-31
Position
2 of median 6 (max 6)
Current low
$0.0130 · confirmed
Cycle-low confidence
—
Confirmed lows
2

Weekly 1

Last bars
2Ug 2Ug 2Dr 2Dr 1g
Confirmed low
$0.0175 · 2026-09-20
Position
5 of median 6.5 (max 19)
Current low
$0.0186 · unconfirmed
Confirms above
$0.0224
Cycle-low confidence
60% · in band
Confirmed lows
9

Daily 1

Last bars
2Dr 2Dr 1r 3g 1g
Confirmed low
$0.0186 · 2026-10-18 (daily)
Position
3 of median 5.0 (max 27)
Current low
$0.0186 · confirmed
Cycle-low confidence
48% · in band
Confirmed lows
75
The full read, in sentences
  • Monthly: forming bar is a red 2-Up. Last confirmed swing low 0.013 (Aug 2026), month 2 of a cycle that has typically run 6.
  • Weekly: forming bar is a green inside bar. Last confirmed swing low 0.01752 (Sep 2026), week 5 of a cycle that has typically run 6.5. Current low 0.01857 is unconfirmed — it confirms above 0.02241. Cycle-low confidence 60%.
  • Daily: bar is a green inside bar. Last confirmed swing low 0.01857 (2026-10-18), day 3 of a cycle that has typically run 5. Cycle-low confidence 48%.
  • Red List: 69% below the 2026-04-23 high; +51% off the 365-day low.
  • Phoenix: 93% decline over 13 months, monthly swing low confirmed (next-bar), now +51% above the trough; first weekly pullback after the low confirmed 2026-09-27 (trigger 0.02171).
  • Gauges: Mayer multiple 0.89 (cheap); -89% from the all-time high.

Has Spark bottomed?

A confirmed swing low is evidence of a price pattern, not proof of a final market bottom. Here is what the SPK snapshot records on 2026-10-21 UTC:

Monthly: the last confirmed swing low is $0.0130 from 2026-08-31. The current candidate is marked confirmed. The latest monthly bar is still forming.

Weekly: the last confirmed swing low is $0.0175 from 2026-09-20. A newer candidate at $0.0186 is unconfirmed; its confirmation level is above $0.0224, provided the candidate low is not undercut first. The latest weekly bar is still forming.

Daily: the last confirmed swing low is $0.0186 from 2026-10-18. The current candidate is marked confirmed.

How bottom confirmation works. Cycle-low confidence is a heuristic score, not a calibrated probability of a profitable trade.

How far is Spark below its high?

The Coinbase price snapshot is 69.4% below its rolling 365-day high of $0.0641 from 2026-04-23. Separately, CoinGecko reports -89.4% relative to its all-time high of $0.1845 in the fundamentals snapshot pulled 2026-10-21.

Different sources and observation times can produce different drawdowns. Compare crypto drawdowns and reference highs.

The recorded history

scan observations, not exact transition times

First observed 2026-09-19. 33 observations; absence from a captured scan is unmatched, never recovery.

  1. Amber List; recovering · Phoenix monthly → Red List; recovering · Phoenix monthly
  2. Watch; recovering · Phoenix monthly → Amber List; recovering · Phoenix monthly
  3. Watch · Phoenix weekly → Watch; recovering · Phoenix monthly
  4. First observed: Watch · Phoenix weekly

Phoenix

stopped falling, by the rules
Peak
$0.1900 · Jul 2025
Trough
$0.0130 · Aug 2026
Decline
-93.2% over 13 months
Above trough
+50.8%
Monthly
confirmed (next-bar) · trigger $0.0242
Weekly
confirmed (next-bar)
False bottom
$0.0172 · Feb 2026 (2 higher highs, then undercut)
Entry
pullback #1 low $0.0175 confirmed 2026-09-27 · trigger $0.0217
Score 65
decline30
confirmation25
earliness0
stale0
false bottom10
bluechip0

Fundamentals

CoinGecko + DefiLlama, pulled 2026-10-21 .xlsx
Health33 / 100 · Thin
Liquidity (24h volume / market cap)
can you get out
8.44 %15.0 / 15
Supply overhang (FDV / market cap)
unlocked supply waiting to sell
2.92 x0.6 / 15
Size (market-cap rank)
survivorship
324 #0 / 15
Age on Coinbase
survived a cycle
1.3 yrs2.4 / 10
usagecould not look — no source data
tvlcould not look — no source data
momentumcould not look — no source data

4 of 7 measurable; score renormalized over what was measurable.

Market cap
$85.2M
Fully diluted
$249.0M
24h volume
$7.2M
Circulating
3,422,323,810 of 10,000,000,000 max
All-time high
$0.1845 · 2025-07-23 (-89.4%)
Mayer multiple
0.893 · cheap
Pi cycle
0.412
On Coinbase since
2025-06-17 (492 bars)
CoinGecko id
spark-2

Continue your cycle research

How to read a crypto cycle chart · Calculation rules and sources