Sponge (SPONGEUSDT): In Case Bulls Apply Pressure, $0.000196 level May Be Broken
Login

Sponge (SPONGEUSDT): In Case Bulls Apply Pressure, $0.000196 level May Be Broken

Estimated Reading Time: 3 minutes
Article Rating:
Based on 1 vote
Login to rate this article.

Azeez Mustapha

Updated:

Further increase of Buyers’ momentum envisaged in Sponge market

SPONGEUSDT Price Analysis – 10 August

If the bulls apply further pressure and break over the $0.000136 level, Sponge will move through the $0.000196 and $0.000330 resistance levels. The daily chart’s level 40 on Period 14’s relative strength index shows that this week is most likely to see further positive activity.

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. Following the price decline last week toward the support level of $0.000093, the intense negative pressure was let go. After failing in its attempt to break lower beneath the marked support level, the price ended the day higher. As a result of the development of bullish candles and the upward breach of the prior resistance level of $0.000136, more buyers entered the market under growing pressure.

On the daily time scale, the price made a bullish candle yesterday, indicating that it would likely continue to rise and test the $0.000196 resistance level. If the bulls apply further pressure and break over the $0.000136 level, the price will move through the $0.000196 and $0.000330 resistance levels. The daily chart’s level 40 on Period 14’s relative strength index shows that this week is most likely to see further positive activity.

Meme coin airdrop for $SPONGE A how-to video and two NEW CEX listings are available.

 

SPONGEUSDT Price Medium-term Trend: Bullish

The cryptocurrency on the medium term is bullish. The price increased as more bullish candles emerged and it crossed both the 9 and 21-day EMAs at the same time, indicating that bulls were regaining control of the market. Moving in the direction of the $0.000196 resistance level, Sponge is advancing above the $0.000136 resistance level. The medium-term picture for the coin looks encouraging above the channel as more bullish candles are forming.

On the 4-hour chart, the Relative Strength Index Period 14 signal lines are at 43 levels and pointing north, indicating an increase in price.

Just need to take another look

Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Learn to Trade

Never Miss A Trade Again

step 1
Signal Notification

Real-time signal notifications whenever a signal is opened, closes or Updated

step 2
Get Alerts

Immediate alerts to your email and mobile phone.

step 3
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.

Share with other traders!

telegram
Telegram
forex
Forex
crypto
Crypto
algo
Algo
news
News