The bear season has taken down a lot of cryptocurrencies, with many like Polkadot (Dot) still trying to hold on to what they have left. Due to the dwindling in the price of these old cryptocurrencies, Investors are seeking promising innovations to invest in for the coming bull run.
The Blockchain-based precious metal investment platform, Sparklo has been identified as one of the promising innovations to yield maximum profits, and investors are embracing it.
Sparklo (SPRK) Presale 2 Loading
The way individuals invest in precious metals has completely changed thanks to the revolutionary investing platform Sparklo. Through fractionalized NFTs, anybody may now invest in silver, gold, and platinum bars thanks to Sparklo.
Sparklo users have the option to invest in modest amounts since with every investment made on the site, an NFT is created and fractionalized. Furthermore, if a person buys the full NFT, they may have the physical commodity delivered to a place of their choice, making precious metal purchasing more convenient than ever.
Along with its recently completed KYC, Sparklo has been audited by Interfi Network. The team tokens are locked for 1,000 days, while the platform’s liquidity is locked for 100 years. This is to ensure and assure investors and potential investors that the platform has the safety of their investments at heart.
The Sparklo (SPRK) token currently costs $0.019. Experts predict that the token’s value will increase by at least 4,000% by the end of 2023. Also there is a 30% bonus offer going to all purchases done from now till 20th June, 2023. You don’t want to miss this opportunity!
Selling Pressure Drags Polkadot (DOT) Down
Polkadot (DOT), which recorded gains of 84.7% to reach a YTD high of $7.9 as of 19 February, was feeling upbeat to start the year. Since then, with sellers in charge of the market, those gains have all but been lost in the price. Selling pressure sent Polkadot (Dot) beyond the $5.7 support level.
Polkadot (Dot) has been seeing a severe decrease since April 18th. Price smashed through the $6.4 support level before bulls found some consolation at the $5.7 support level. However, this was just temporary since on May 1, sellers broke through the $5.7 support. Sellers have maintained pressure on the price on a daily basis, and it has been trading below $5.7 for three days.
Despite the fact that the Polkadot (Dot) structure largely remained negative, a few signs point to an impending positive retreat.
The RSI crossed above the neutral 50 level on the four-hour chart after three successive bullish candles from Polkadot (Dot). Additionally, the OBV rose by 1.73 million.
In order for the bulls’ short-term recovery strategy to be successful, a daily candle closure above the $5.7 resistance level will be required. This may motivate an attempt to reclaim the $6.4 mark. On the other hand, bears are free to continue moving down with the $5 psychological support level as their next target.
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