Sponge (SPONGEUSDT) Is Advancing Toward $0.000136 Barrier Level
Login

Sponge (SPONGEUSDT) Is Advancing Toward $0.000136 Barrier Level

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

Azeez Mustapha

Updated:

Positive spark in the Sponge market

SPONGEUSDT Price Analysis – 02 August

The $0.000136 resistance level may be overcome by Sponge, allowing it to attack the $0.000196 and $0.000330 levels if the Bulls continue to exert pressure

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 bullish on the long-term outlook. There was a positive spark in the Sponge market. The cryptocurrency has been under negative pressure since May 28th. The coin’s demand dropped to $0.000093 on June 22. In order to retest the $0.000136 level that was broken, there was a price retracement. Further price growth was not possible because the price had already reached the confluence at the designated level. The price is advancing toward the $0.000136 barrier level as the Bulls have resumed their movement.

The fact that Sponge is currently circling the 9-period EMA and the 21-period EMA shows that the bullish momentum is intensifying. The relative strength index period 14 is at 45 levels and is going north, which indicates a buy signal. The $0.000136 resistance level may be overcome by Sponge, allowing it to attack the $0.000196 and $0.000330 levels if the Bulls continue to exert pressure.

The Secret of Why $SPONGE Coin Will Explode

SPONGEUSDT Short-term Trend: Bullish

Sponge is bullish on the short-term outlook. The sponge was solidifying the previous week. The bearish momentum on the Sponge market was dissipated immediately after the consolidation action. It will break through to the north with the assistance of the bulls’ strong momentum. Higher highs were made as a result of the coin being pushed up, suggesting an upward momentum.

The sponge price is currently trading above both the 9-day EMA and the 21-day EMA, indicating bullish movement.  Since Relative Strength Index period 14 is at 46 levels and is pointing north, Sponge may continue to buy.

Spend time in the $SPONGE universe and trade it on @gate_io!

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