Bulls are gathering momentum
SPONGEUSDT Price Analysis – 07 August
More buyers came in with more pressure by the formation of bullish candles and the price id rallying to the north, in case the bulls increase their pressure the price will rise above the resistance level of $0.000136.
Key Levels:
Supply level: $0.000136, $0.000196, $0.000330
Demand level: $0.000093, $0.000006, $0.000004
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT is in a bullish trend in its long-term outlook. The strong bearish pressure was lost after a drop in the price toward the support level of $0.000093 last week. The attempt to break lower below the support level mentioned was lost and the price closed higher. More buyers came in with more pressure by the formation of bullish candles and the price id rallying to the north, pushing the price upward and may break the dynamic resistance of 9-day and 21-day EMA.
At present Sponge formed a daily bullish candle on the daily time frame which suggests the probability for the price to increase toward a resistance level of $0.000136. In case the bulls increase their pressure the price will rise above the resistance level of $0.000136. The relative strength index Period 14 on the daily chart is above level 40, which indicates the probability of a bullish movement this week.
SPONGEUSDT Price Medium-term Trend: Bullish
The cryptocurrency on the medium term is bullish. The price moved upward with the formation of more bullish candles and trying to cross over 9 and 21-day EMA together, which indicates that bulls were taking control of the market. Sponge still ranges within the boundaries of the resistance level at $0.000136 and the support level at $0.000093.The coin is bullish within the channel on the medium-term outlook with the formation of more bullish candles.
The Relative strength index Period 14 on the 4-hour chart is above 40 levels with its signal lines pointing towards the north suggesting an increase in price.
Take advantage of the $SPONGE #Airdrop!
๐Calling all #SPONGERS!๐๐ฃ๏ธ
๐ฅDon't miss out on the $SPONGE #Airdrop!๐๐
๐Make sure you qualify on our #Discord to be eligible!โ
๐งฝFind all the airdrop-registration guidelines for complete clarity!๐๐ฐ
๐https://t.co/lzRhjW4oLL pic.twitter.com/lfNgxekif2
— $SPONGE (@spongeoneth) August 7, 2023
Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.
