Spark Price Soars 70% as It Unlocks 76K OP Tokens Per Week – Bulls Target $0.10

Highlights:

• Spark price rises 70% to $0.07 as its daily trading volume spikes by 447%.
• The Spark Protocol has unlocked 76K OP tokens per week, boosting its APY to 4.42%.
• Bullish indicators caution of a slight pullback before a strong leg up, potentially to $0.10.

The Spark price is among the trending coins on CoinMarketCap, rising about 70% to $0.07 in the past 24 hours. The trading volume has spiked 447%, indicating intense market activity among investors. Currently, the SPK token boasts a 138% increase over the past week and a 74% increase over the past month. 

The recent rally comes as Spark Protocol managed to unlock an exciting piece of development that can bring more rewards to the platform. The protocol has now started issuing around 76,000 OP tokens every week, representing a significant increase in its offerings.

We Just Unlocked More OP Rewards ⚡️

Spark is now emitting:

~ 76,000 OP/week
~ boosting APY to 4.42% at current TVL

No lockups. No gimmicks. Just pure @Optimism rewards on Spark!

Now live till end of 2025. Start now 👇https://t.co/r70dq71MVL pic.twitter.com/OUEXZgaPBu

— Spark (@sparkdotfi) July 22, 2025

At the existing total value locked (TVL), the new annual percentage yield (APY) has skyrocketed to 4.42%. This is one of the modifications that Spark is doing to offer more lucrative opportunities. Moreover, users can receive pure Optimism rewards on Spark until 2025, with no expiration date in sight.

SPK Increased Volumes on Trading and Options Open Interest

The reward distribution, implemented by the Spark Protocol, has already begun to create a notable increase in market activity. According to the CoinGlass data, the platform’s volume has skyrocketed by an incredible 1,070.76% to $2.52 billion. This surge in volume is accompanied by an equally impressive 257.62% increase in open interest, which now totals $104.46 million. 

The trend is specifically remarkable in the options market. The long-to-short ratio indicates that the position of long positions is very strong, at $1.0764 over the past 24 hours. This suggests that traders are confident in the future performance of SPK. Moreover, many investors are betting on the tokens by purchasing them with confidence that the value will appreciate with the additional unlocking of rewards. 

Spark Price Spikes Out in a Parabolic Curve – Can the Bulls Sustain the Momentum?

A quick look at the 4-hour chart, the Spark price has been showing resilience, climbing from the $0.03 lows in mid-July to $0.07 as of writing. The token has broken out in a parabolic curve, painting a bullish outlook in the market. Moreover, the bulls have established a strong support level at $0.03921, giving them strength for further upside.

Additionally, the Relative Strength Index (RSI) has reached the 86.09 mark, indicating that the token is overbought. This cautions traders of a possible short-term pullback, allowing the bulls to sweep through the liquidity. 

The MACD (Moving Average Convergence Divergence) also confirms good momentum, as the blue MACD(0.0089) has crossed above the orange signal line(0.0055). This outlook reinforces the bullish sphere, calling for more buy orders in the SPK token.

Looking ahead, if Spark price holds above the $0.0691 support, we could see it test the $0.08 high. In a highly bullish scenario, it could rise towards $0.09 in the coming weeks if the hype train continues. A drop below $0.691 might signal a breather, and could push SPK to $0.061 or even $0.049 support zones. In the long term, Spark’s focus on rewards could drive it past $0.10 by August. For now, Spark is at the top of CoinMarketCap’s trending list, and holders are optimistic for further gains. Investors should keep an eye on the resistance zone as a clean break could ignite the next leg up.