Sparklo (SPRK) Momentum Continues to Rise As Dogecoin's (DOGE) Bearish Woes Pull Investors Away

Sparklo (SPRK) has been gaining momentum in the crypto market as investors show high confidence in the project's potential. Meanwhile, the increasing demand for the coin is bound to push its value up before the end of 2023.

However, Dogecoin (DOGE), the famous dog-themed cryptocurrency, is facing a downward trend in price, signaling a shift in investor sentiment and focus toward more promising projects like Sparklo (SPRK).

Dogecoin's (DOGE) Price Continues To Drop

Following a period of steady growth, Dogecoin's (DOGE) price encountered a barrier near the $0.0950 mark, resulting in a sharp decline similar to what Bitcoin and Ethereum experienced. The cryptocurrency experienced a notable drop below its 100 simple moving average (4 hours) and the critical support level of $0.0850.

Additionally, the Dogecoin (DOGE) pair's 4-hour chart shows a significant break below a bullish trend line that had been providing support for around $0.0855.

The DOGE/USD pair has established a bottom near $0.0825 and is presently in the process of consolidating its losses. On the upside, Dogecoin (DOGE) has a resistance near the $0.0855 level, which is in proximity to the 23.6% Fibonacci retracement level of the recent decline from the swing high of $0.0950 to the low of $0.0825.

If Dogecoin (DOGE) fails to gain momentum and surpass the resistance at $0.0855, it may continue its downward trend. The first downward support is at the $0.0825 level.

According to CoinGecko, Dogecoin (DOGE) price today is $0.083719. The memecoin is down 8.92% in the last 24 hours.

Sparklo (SPRK) Surges as Investors Trust Blue-Chipped Project

Experienced traders familiar with bearish runs in the crypto space understand that future profits lie in projects that are at the presale stage. Sparklo (SPRK) is one such project that offers a promising chance for investors to grow their investments.

The platform aims to become the first to offer fractionalized NFT trades and allow people to invest in digital precious metals. Additionally, every transaction on Sparklo will be supported by tangible assets such as silver, gold, and platinum.

Sparklo (SPRK) offers investors a physical asset for every purchase of a full NFT. Additionally, the platform's pioneering technology will allow jewellery stores to sell their products on the blockchain. As a result, traders will enjoy discounts and early access to these exclusive offerings.

Having successfully passed a smart contract audit with the completion of a KYC audit on the way, Sparklo offers traders high staking liquidity. Currently, in stage one of its presale stage, the token is available at $0.015 apiece, making it a highly promising investment opportunity for investors to explore.

Website:https://sparklo.finance

Buy Presale:https://invest.sparklo.finance

Twitter:https://twitter.com/sparklo_finance

Telegram:https://t.me/sparklofinance

Press Release Distributed by The Express Wire

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