SPS Market Analysis June 27 – July 3 2025 | Splinterlands #454

This week's crypto scene has been less about wars, but more about the new developments from big institutions, which make things interesting from a technological and moral dilemma perspective. BTC is sitting steady at $109k after a brief jump to $110k, while ETH is at $2.55k, holding its ground without much fanfare and showing some good resiliency. Other altcoin majors like SOL and XRP also increased in price, but unsure if these are altcoin season signals. Big news came from Senator Tim Scott, who's pushing a crypto market structure bill to be done by late September, signalling clearer rules ahead with bipartisan support. Circle's stock climbed after applying for a national bank charter, aiming to blend stablecoins with traditional banking, and the biggest news in crypto which lends to the moral dilemma I alluded to above, is Robinhood's tokenized stock launch in Europe, plus staking in the US, shows they're all-in on crypto integration. This has resulted in $HOOD reaching all-time highs, but let's not forget about Robinhood's chequered past and its involvement in the GameStop Short Squeeze debacle of 2021. Core Scientific's shares jumped on buyout talks with Coreweave, and a $250 million ETH-focused move by Bitmine with Tom Lee on board continues to show more and more institutions wanting to get involved in crypto. On the flip side, crypto hacks hit a $2.1 billion record in the first half of 2025, mostly from infrastructure attacks, keeping security in focus.

SPS Weekly Performance Overview

Source

SPS is trading at $0.007175 today, down a touch from last week's $0.007477. Looking at the chart, we've seen a range between $0.007408 and $0.007861, with that $0.0075 support level holding but looking shaky. Market cap's hovering around $3.6m, but the daily chart is all over the place, no clear direction, and I am struggling to make heads or tails of it. The big SPS price spike in April and May feels distant now, and we're testing levels we haven't seen in months.

Market Analysis - Trends

The crypto gaming recovery fund committee proposal is four days from passing, and the chosen players and team members have the community's positive with the proposal almost likely to pass. This could turn into something real, and I'm curious how it plays out. The idea is to pull in players from other Web 3.0 gaming communities hit hard by rug pulls, who've lost money and poured time and trust into dead projects. Will they jump ship to splinterlands? Hard to say, but the intent feels genuine, aiming to build a solid, welcoming ecosystem for long-term growth.

Market Analysis - Volumes & Liquidity

SPS volume is averaging $128k daily this week, a decrease from last week's $206k, which is not encouraging given how the rest of the altcoin market has seen price increases. From a naïve perspective, this tells me that traders and the general market are not seeing the appeal of jumping into splinterlands.

Market Analysis - Support & Resistance

SPS support's clinging to $0.0070, but it's wobbly after this week's range. Not much has changed from the SPS price analysis from last week's analysis. The one change is that in the past week, we saw altcoin majors show an increase in price movement across the board, but SPS went down. During the first 3 months of the year, SPS traded in a tight range between $0.0055 and $0.0070, and it's looking likely we're going back into that territory. I don't know if the crypto gaming recovery fund will have an impact, and if it does, the SPS price would need to hold $0.007 and then $0.0075 as its first key tests. Other levels won't matter if it's unable to hold these levels.

Concluding Thoughts

SPS's price action over the past week is very concerning, considering that most of the market has shown price increases, whereas SPS has gone in the opposite direction. The general news in the crypto markets has been largely positive, but SPS price action continues to be depressing. The splinterlands crypto gaming recovery fund committee is close to passing, and the team members selected have been received very positively by the community. Maybe this may be the catalyst to attract new players to the game, but the SPS price action is not reflecting that.

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