Buyers’ pressure will soon increase
SPONGEUSDT Price Analysis – 12 September
In case the bulls hold onto the $0.000087 support level, Sponge will climb and reach the resistance levels of $0.000136, $0.000196, and $0.000330. If the bears break through the $0.000087 support level, they might potentially reach the $0.000006 and $0.000004 levels.
Key Levels:
Supply level: $0.000136, $0.000196, $0.000330
Demand level: $0.000087, $0.000006, $0.000004
SPONGEUSDT Medium-term Trend: Bullish
Sponge is bullish on the long-term outlook. Due to the bearish trend, the price had to test the $0.000087 barrier level on July 27. It backed off to keep the required level of support. The following day, there was more seller pressure, and the price dropped to a low of $0.000087. The double bottom chart pattern was created as a result of this situation. The price spiked and broke through the $0.000136 threshold. It withdrew as a result of sellers’ pressure. If additional bullish candles form, the sponge will undoubtedly rocket even higher and may perhaps reach its record high of $0.000196.
The fact that Sponge is currently trading above both the 9-period EMA and the 21-period EMA serves as evidence that Bulls are currently in control of the Sponge market. If the bulls hold onto the $0.000087 support level, the price will climb and reach the resistance levels of $0.000136, $0.000196, and $0.000330. If the bears break through the $0.000087 support level, they might potentially reach the $0.000006 and $0.000004 levels.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT is on the bullish movement on the 4-hour chart. The formation of the double bottom chart pattern was recently completed by the price pressure from buyers, and the sponge recently broke past the resistance level of $0.000136. The price may rise to the resistance level of $0.000196 as a result of increased bullish pressure. Prices on the north side could rise now that buyers are in command.
Both the 21- and 9-period EMAs are currently above the price of a sponge. A bullish signal is visible at level 50 on the signal line for the Relative Strength Index period 14.
Watch this space for additional developments soon!
Hello #SPONGERS!!! 🧽🎉
The $SPONGE #Airdrop Season 1 will be ending in November⏳💰
Make sure to join and enjoy the rewards whilst you still can🤑✨
Stay tuned for more updates coming soon! 📢
🧽Keep calm and absorb the damp with #SPONGE!🌊https://t.co/lzRhjW4oLL pic.twitter.com/PHqjA0QaNP
— $SPONGE (@spongeoneth) September 12, 2023
Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
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.