Sponge (SPONGEUSDT) May Break Over $0.000403 Resistance Level
Login

Sponge (SPONGEUSDT) May Break Over $0.000403 Resistance Level

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

Azeez Mustapha

Updated:

Sponge might keep buying

SPONGEUSDT Price Analysis – 12 December

Sponge may be able to break over the $0.000403 resistance level if the Bulls maintain their momentum, and launch an attack toward the $0.000502 and $0.000604 levels.

Key Levels:

Resistance levels: $0.000403, $0.000502, $0.000604

Support levels: $0.000330, $0.000262, $0.000196

SPONGEUSDT Medium-term Trend: Bullish

SPONGEUSDT is bullish on the long-term outlook. There was a positive spark in the sponge market. The price of the cryptocurrency has been inclining since December 6th. The coin’s demand eventually dropped to $0.000136. To test the broken resistance level of $0.000169, there was a price retracement. Further price growth was now permitted because the price had already been beyond the confluence at the predefined level. Now that the bulls are back in the picture, the price is heading for the resistance level of $0.000403.

Sponge (SPONGEUSDT) May Break Over <img fetchpriority=.000403 Resistance Level" width="580" height="251" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/12/Daily-21-1024x443.png"/>

The fact that the exponential moving averages (EMAs) with periods of nine and twenty-one are currently are below Sponge indicates that the bullish momentum is strengthening. Relative strength index period 14 is pointing north at 63 levels, suggesting a buy signal. If the Bulls maintain their momentum, Sponge may be able to break over the $0.000403 resistance level and launch an attack toward the $0.000502 and $0.000604 levels.

SPONGEUSDT Short-term Trend: Bullish

In the short term, Sponge is upbeat. Sponge has been preparing for this week. Immediately following the consolidation action, the bearish momentum on the Sponge market vanished. It will break out to the north with the tremendous impetus of the bulls. The coin increased in value due to increased buyer desire, indicating an upward momentum at the resistance level of $0.000604.

Sponge (SPONGEUSDT) May Break Over <img decoding=.000403 Resistance Level" width="580" height="251" data-lazy-src="https://learn2.trade/wp-content/uploads/2023/12/4-hours-34-1024x443.png"/>

The price of sponges is currently climbing and above the 9- and 21-day moving averages.  Sponge might keep buying since the Relative Strength Index period 14 is rising and currently stands at 63 levels.

See if you’ve made a big impression as one of the recipients by checking your wallets!

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