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SPONGEUSDT Price Analysis – 07 June
Once Sponge moves past the $0.00038 resistance level and before the $0.00065 and $0.00087 barrier levels, the upward trend will accelerate. All investors stand to benefit from the upturn that the SPONGEUSDT market will shortly experience.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.00038, $0.00065, $0.00087
Support levels: $0.000092, $0.00004, $0.00002
SPONGEUSDT Long-term Trend: Bullish
On the daily chart, SPONGEUSDT is in green. The price of Sponge is maintained between $0.00038 and $0.00092 levels because the creator of Sponge is kind enough to provide opportunities to as many people who will take advantage. Additionally, to make Sponge reasonably priced and available to a large audience. Now the price is $0.00038 or less. All investors stand to benefit from the upturn that the SPONGEUSDT market will shortly experience. The $0.00065 might be the goal if there is a bullish breakout at the $0.00038 level.
As bulls are preparing to increase their momentum, the price might surpass $0.00087 level. Both the 9-period and 21-period moving averages show the bulls to be in the rear. Once the price moves past the $0.00038 resistance level and before the $0.00065 and $0.00087 barrier levels, the upward trend will accelerate.
SPONGEUSDT medium-term Trend: Bullish
Shorter time periods are better suited for SPONGEUSDT. The price of the coin was reduced to draw in more customers. The price movement encountered the $0.00098 resistance level on May 7 before turning around and reaching the $0.00038 support level. As a result of the support level of $0.00038 failing to hold, more people are purchasing the coin.
Sponge costs will increase as demand increases. The relative strength index period 14 with the signal lines at 37 will show a buy signal.
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— $SPONGE (@spongeoneth) June 7, 2023
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