Bulls may be successful in breaking over $0.000196 level
SPONGEUSDT Price Analysis – 15 August
In case the resistance level of $0.000136 does not hold, the Bulls may drive the coin up after the pullback to penetrate the $0.000196 level and aim for $0.000330. Sponge may remain in consolidation if the previously indicated level holds
Key Levels:
Supply level: $0.000136, $0.000196, $0.000330
Demand level: $0.000093, $0.000006, $0.000004
SPONGEUSDT Medium-term Trend: Bullish
Sponge price is bullish on the long-term outlook. On July 9, the Sponge price tested the resistance level of $0.000402, which was last tested on June 26. At the same level, a bearish engulfing candle pattern—a bearish reversal candle pattern that fueled the Bears’ momentum—formed. On July 30, Sponge breached the downward $0.000136 barrier and fell to the $0.000093 support level. Shortly before the price spiked, it retreated to retest the previously broken level. Within the price range of $0.000136 and $0.000093 levels, the price is currently consolidating.
The sponge price has passed both of the EMAs’ upward lines, and it is currently trading above the EMAs of 9 and 21- periods, the former of which is aiming to cross the latter upward in order to establish a bullish trend. The signal lines on the Relative Strength Index period 14 are bending upward to signify a buy signal, nevertheless, and are at 49 levels.
In case the resistance level of $0.000136 does not hold, the Bulls may drive the coin up after the pullback to penetrate the $0.000196 level and aim for $0.000330. The price may remain in consolidation if the previously indicated level holds.
SPONGEUSDT Short-term Trend: Bullish
SPONGEUSDT is Bullish on the short-term outlook. The coin has crossed over the two EMAs to the upside due to the bullish momentum. Sponge is moving near the $0.000136 resistance level. The resistance level of $0.000196 will be the next objective in the event that the Bulls are successful in breaking over the previously indicated resistance level.
The 9-period EMA and the 21-period EMA are being traded above by the SPONGEUSDT. The signal lines on the Resistance Strength Index period 14 are pointing upward, indicating a buy signal, and it is currently at 53 levels.
Are you perspiring because of the state of the cryptocurrency market, or is it just hot outside?
Are you sweating because of #cryptomarket conditions or is the hot weather outside?
Whatever the reason might be, @iEx_ec $RLC has both tech and goodies to chill you out until better conditions!#BullMarket #BearDown #PepeWorldOrder 🔥♨️🪭 pic.twitter.com/b4B4W1NIsC
— Zecker 🐝 RLC (@Doru5S) August 15, 2023
Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!
[xyz-ihs snippet="Markets"]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.
