Sponge (SPONGEUSDT) Is Attracting Additional Buyers Below $0.000087 Level
Login

Sponge (SPONGEUSDT) Is Attracting Additional Buyers Below $0.000087 Level

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

Azeez Mustapha

Updated:

Bulls’ power is causing Sponge prices to rise

SPONGEUSDT Price Analysis – 27 September

When the bulls hold onto the $0.000087 support level, Sponge will rise and surpass the $0.000136, $0.000196, and $0.000330 resistance levels. The $0.000006 and $0.000004 levels may be reached by the bears if they are able to break through the $0.000087 support.

Key Levels:

Supply level: $0.000136, $0.000196, $0.000330

Demand level: $0.000087, $0.000006, $0.000004

SPONGEUSDT Medium-term Trend: Bullish

The bulls’ pressure is increasing daily. The sponge will undoubtedly rise as more bullish candles form and may perhaps surpass the $0.000196 barrier. Right now, the expansion of bull power is causing prices to rise.  Sponge was compelled to test the $0.000087 support level due to the recent bearish trend. In an effort to maintain the proper level of support, it withdrew. The price dropped to a low of $0.000087 the following day as a result of intense selling pressure, which is attracting additional buyers.

Sponge (SPONGEUSDT) Is Attracting Additional Buyers Below <img fetchpriority=.000087 Level" width="580" height="251" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/09/Daily-65-1024x443.png"/>

Bulls are currently in control of the sponge market, and sponge will shortly start trading above both the 9-period EMA and the 21-period EMA. When the bulls hold onto the $0.000087 support level, the price will rise and surpass the $0.000136, $0.000196, and $0.000330 resistance levels. The $0.000006 and $0.000004 levels may be reached by the bears if they are able to break through the $0.000087 support.

SPONGEUSDT Medium-term Trend: Bullish

The price of SPONGEUSDT is rising on the 4-hour chart. As additional bullish candles continue to form from its support level of $0.000087, the Coin is climbing. The resistance level of $0.000136 will be broken as a result of buyer interest in the sponge market. If bullish pressure builds, the $0.000196 barrier level may be broken through.

Sponge (SPONGEUSDT) Is Attracting Additional Buyers Below <img decoding=.000087 Level" width="580" height="251" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/09/4-hours-97-1024x443.png"/>

 

The 9-period and 21-period EMAs are being crossed by the price right now. At level 11, the 14-period signal line for the Relative Strength Index will indicate a buy.

Start your trading adventure with $SPONGE on @Poloniex right away and soak up all the moisture!

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