Recently, the overall cryptocurrency market sentiment has shifted dramatically. The bulk of traders who forecast a bull market after BTC rose the previous week are now bearish as a result of a price correction on key cryptocurrencies.
While other cryptocurrencies have also witnessed price drops, the Stellar (XLM) token has suffered the most as it deals with rejection. However, Sparklo, an innovative Investment Platform continues to gain traction.
Stellar (XLM) Declines After Rejection
Stellar (XLM)’s value has gradually increased since the beginning of the year. A big break happened in January when the price of Stellar (XLM) crossed a decreasing resistance line that had been in place since the record high. Significant upward movements usually follow a breakout from a long-term pattern. They indicate that the adjustment is complete.
The price of Stellar (XLM) reached the long-standing resistance level of $0.105 when the resistance line was confirmed as support. However, Last week, it failed to break out and formed a bearish engulfing candlestick.
Analysts say this is a bearish candlestick in which the whole fall from the previous period is countered in the next one.
Aside from the rejection, the weekly Relative Strength Index (RSI) shows a bearish reading. On the Stellar (XLM) chart, the RSI is currently decreasing and below 50 (red circle), indicating a bearish trend. If the decline continues, the nearest support area for Stellar (XLM) will be at a price of $0.076 on average.
Sparklo (SPRK): The Innovative Investment Platform Predicted to Make 4000% Increase
Sparklo is the first cryptocurrency-based platform for investing in precious metals. The platform provides investors with a one-of-a-kind opportunity to invest in fractional NFTs backed by gold, silver, and platinum bars.
The physical gold, silver, and platinum bars can be obtained by purchasing the complete NFT rather than simply a portion of it.
Since Sparklo is a unique protocol in the precious metal investment sector, the coin Sparklo (SPRK) has significant growth potential.
Sparklo’s tokenomics state that a maximum of 1,000,000,000 tokens will be released, with 60% going to the presale. The token’s current presale pricing, $0.015, is one of the least priced presales with maybe the best growth potential.
Experts believe that the token’s value will increase by more than 4000% in the future year. This has made it popular among investors and potential investors.
The platform has passed an audit with InterFi Network. Plus, it will observe a 100 years of frozen liquidity. Currently, it is undergoing a KYC verification. All of these are being done to assure and comfort investors of the platform’s authenticity.
As seasoned investors are aware, one major way to make big gains is by investing in strong businesses; Sparklo has proven to be one of such. Investors who invest in the platform early will be well-positioned to profit from the token’s rise.
To Learn more about Sparklo, Visit;
Website: https://sparklo.finance
Twitter: https://twitter.com/sparklo_finance
Telegram: https://t.me/sparklofinance
Buy Presale: https://invest.sparklo.finance
