Gold is nearly at an all-time high, making it an even better investment option. And who wouldn’t want to invest in precious metals with a platform that specializes in them? Sparklo is a blockchain investment trading platform with everyone talking and for a good reason. It’s the world’s first metal trading platform, allowing anyone to invest in gold, silver, and platinum at the lowest fees and with no FX commissions.
It’s been a rollercoaster ride for cryptocurrencies lately, with Ethereum (ETH) facing price rejections and Shiba Inu (SHIB) losing Support at $0.00001. And let’s face it, with the current crisis that could potentially unfold with traditional currency, Sparklo has been deployed at the perfect time.
Ethereum (ETH) Shows Promise for Bullish Run Despite Price Rejection
Ethereum (ETH) shows an excellent bullish rally with an 8.7% increase in the last 48 hours, following Bitcoin’s [BTC] rally that reclaimed the $29k price zone. However, the $2,024 price area saw a price rejection, leading to Ethereum (ETH)’s dip to $1,908 in the last 24 hours. Although Ethereum (ETH) hit a YTD-high of $2,127 in mid-April, it was followed by a bearish order block that prevented further bullish gains, leading to a price range of $1,820 to $1,955.
The Visible Range Volume Profile indicates that the next move could be bullish, as the Value Area High (VAH) stands at $1,940, the Value Area Low (VAL) at $1,762, and the Point of Control (red) shows a bounce off. Bulls can prepare for another approach towards the $2,000 psychological price zone with these insights. Let’s hope for a continued bullish run for Ethereum (ETH).
SHIB Loses Support at $0.00001, Where to Next?
The popular meme coin, Shiba Inu (SHIB), has recently faced bearish pressure. Shiba Inu (SHIB) has fallen the price charts after failing to break through the $0.0000117 resistance level on April 16. Furthermore, the Shiba Inu (SHIB) community has been dissatisfied with the development team’s decisions, particularly the restriction of Bone ShibaSwap (BONE) listing.
A recent price report has indicated the importance of Shiba Inu (SHIB)’s support zone at $0.00001, which has now been breached after the bulls could not hold on. The H4 bullish order block at $0.00001, highlighted in cyan, had confluence with a higher timeframe support level at $0.0000998, but both have been lost in the past 48 hours.
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These developments have shown a strong bearish sentiment in the Shiba Inu (SHIB) market, and the former bullish order block is likely to act as a bearish breaker upon retest. This could provide short sellers with an opportunity to short the asset.
Sparklo (SPRK) is in its Stage 2
Sparklo (SPRK) Stage 2 releases have been successful, whereas Ethereum (ETH) is now facing a price rejection, and Shiba Inu (SHIB) has lost Support at $0.00001. Sparklo’s rapid growth is impressive, with over 3,500 sign-ups in just over two weeks and 80 million tokens sold in the first two weeks. With the success of Stage 1, which ended with 97% sold out, Stage 2 has already begun, with the 50% buy bonus decreasing back to 30%. The stage will last until June 20, and the price will increase on May 12 to $0.022, with the possibility of Stage 3 beginning immediately due to early sellouts.
Sparklo solves problems in the metals investment industry by providing lower fees, higher accessibility, and economies of scale with instant deposits and withdrawals. Its transparency, fractional ownership, and liquidity features ensure security, legitimacy, and access to a global market. Blockchain technology eliminates intermediaries, reducing transaction costs and providing access to a broader range of investors. With precious metals predicted to rise significantly in value, Sparklo’s deployment at the perfect time is just the start of innovation in the crypto space.
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