Sponge (SPONGEUSDT) Priis lûkt mear ynvestearders op $ .00038 nivo

Azeez Mustapha

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The buyers will dominate Sponge market soon

SPONGEUSDT Priis Analysis - 19 mei

Bullish momentum will accelerate as soon as the Sponge breaks through the $0.00065 resistance level, which is followed by the $0.00087 and $0.00098 barrier levels. The price may also rise above $0.00098 as a result of the bulls’ stronger push.

SPONGEUSDT Market

Key nivo's:

Fersetsnivo's: $ 0.00065, $ 0.00087, $ 0.00098

Stypjenivo's: $ 0.00038, $ 0.000092, $ 0.0004

SPONGEUSDT Lange-termyn Trend: Bullish

SPONGEUSDT is bullish op it stuit op 'e deistige diagram. More organizations and individuals as an investor are coming into the Sponge market as the ranging movement continues between $0.00065 and $0.00038 levels. This will enable them to enjoy the bullish trend that will soon commence in the SPONGEUSDT market. Following a bullish breakout at the $0.00065 level, the existing strong resistance levels will quickly turn into support levels.

Yesterday’s partial breakout causes the price to rise above $0.00065 and signals more bullish pressure. The 9-period and 21-period moving averages are being marginally overtaken by the price. Bullish momentum will accelerate as soon as the price breaks through the $0.00065 resistance level, which is followed by the $0.00087 and $0.00098 barrier levels. The price may also rise above $0.00098 as a result of the bulls’ stronger push.

SPONGEUSDT medium-termyn Trend: Bullish

On a shorter time horizon, SPONGEUSDT is geunstich. A rise in customers will result in a price hike for the sponge. The price movement retraced to the $0.00065 support level after testing the $0.00098 resistance level on 07 May. The product was purchased by more people, therefore the $0.00038 support level remained constant. As the bulls take the lead, the market will move upward above $0.00065.

The relative strength index period 14 with the signal lines at 48 will exhibit a buy signal soon.

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Azeez Mustapha

Azeez Mustapha is in hannelsprofessor, faluta -analyst, sinjalenstrategist, en fûnsbehearder mei mear dan tsien jier ûnderfining op finansjeel mêd. As blogger en auteur foar finânsjes helpt hy ynvestearders komplekse finansjele konsepten te begripen, har ynvestearingsfeardigens te ferbetterjen en te learen hoe't se har jild kinne behearje.

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