SPS Market Analysis July 11 – July 17 2025 | Splinterlands #458

The past week in crypto saw many big moves not just in the charts, but also on Capitol hill. The U.S. House kicked off its Crypto Week, pushing three key bills: the Genius Act, which cleared the Senate and could hit the President's desk if the House agrees, aiming to tighten stablecoin rules for consumer safety and U.S. dollar strength; the Clarity Act, sorting out SEC versus CFTC oversight on crypto assets, and the Anti-CBDC Surveillance State Act, blocking a Federal Reserve digital currency over privacy fears. The voting was intense and held open for 10 hours as conservative Republicans resisted, only flipping after a Trump meeting. Clearly, the optimism is high and many republicans expect the Genius Act to be signed off by week's end.

On the market front, Bitcoin's charging past $119k, hitting new highs with ETF inflows and corporate buys fueling its run towards a new all-time high. However, the past week, all the spotlight has been on ETH as it saw its price rise back up to $3.6k, gaining nearly 5.5% in spots. This is largely fueled by the renewed interest in the ETH treasuries booming. Other altcoin majors also followed a similar price surge, with XRP jumping 9% to $3.46 and SOL to $179 (after briefly hitting $183). Every week, there is news about another corporation expanding into crypto, and this week saw Grayscale's filing to go public with $22 billion in Bitcoin trust assets. Also, Standard Chartered is launching a BTC and ETH trading desk, and Circle's shares soared 530% since its June IPO, with its CEO calling stablecoins the future of money. It's fair to say the 2025 bull run cycle has kicked off again, and everything looks bullish as hell across the entire crypto ecosystem. Let us unpack below and see if this tailwind has spilt over into SPS.

SPS Weekly Performance Overview

Source

SPS is trading today at $0.007501, and is only slightly up over the past week, with its price closely ranging from $0.00726889 to $0.00741402 over the past week. The chart's been testing that $0.0075 key support level, but it's been holding firm after a false breakdown near $0.0070 turned into a clear bounce. SPS Market cap's has been steady around $3.6m, but the price is showing no signs of breakout yet, just probing levels we haven't revisited since the April-May Conclave Arcana new edition spike.

Market Analysis -- Trends

I am disappointed not to see SPS price move more, especially with BTC at $119k and ETH at $3.6k showing serious juice, and I would not be naïve to say that altcoin season is upon us as many other are calling it. I've hit 100k staked SPS this week, so I'm not throwing in the towel and still believe SPS does have a bull run move in its tank. The SPS price is such a far cry from when it was released almost four years ago. All I am hoping is that this marketing push lifts card values and SPS long-term. Ultimately, splinterlands and SPS need new players to come and play the game and stay for the long term.

Market Analysis -- Volumes & Liquidity

SPS volume's averaging $180k daily this week, up from last week's $139k, which gives me a flicker of hope that the altcoin rally might trickle down. With a market cap holding at $3.6m and price closing between $0.00726889 and $0.00741402, crypto traders do seem cautious, but at least we are seeing volume ticking up. This uptick in volume and liquidity needs to continue for any real momentum to be experienced in the price.

Market Analysis -- Support & Resistance

SPS support is sitting at $0.0075 after this week's range. A price break below $0.0070 could drag it to $0.0065, and we will be back to early-year price action. Resistance kicks in at $0.008, then $0.0085, with $0.0090 as a key test from earlier this year. A clean break above $0.0090 could eye $0.0100, but that's a stretch for now unless altcoin season spills over in a big way to SPS.

Concluding Thoughts

SPS has remained in a tight range, and not really flinching even on the back of the BTC, ETH and other altcoins surging in price the past week. Also, this past week I have reached a milestone of 100k SPS staked, and I hope we may still see a surge in the SPS price in the future.

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