Sponge (SPONGEUSDT) Price: A More Robust Uptrend Could Push Price Above $0.000330

Azeez Mustapha


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A strong bullish increase is anticipated.

SPONGEUSDT Price Analysis – 27 December

If the Sponge breaks above the $0.000262 barrier, bullish momentum will pick up speed and test the $0.000330 and $0.000402 barrier levels. Moreover, a more robust bullish rise might push the price beyond $0.000330


Key levels:

Resistance levels: $0.000262, $0.000330, $0.000402

Support levels: $0.000196, $0.000136, $0.000081


SPONGEUSDT Long-term Trend: Bullish

SPONGEUSDT daily chart right now points to a promising future. Sponge market is heading back toward its previous low of $0.000136, which presents an opportunity for investors and businesses to make investments given the bearish trend. The price will eventually rise back to its previous top due to positive pressure. The current strong resistance levels are predicted to become support levels after a bullish breakout at the $0.000262 level. It’s still feasible to surpass the prior high of $0.000330.

The price has dropped below $0.000262, indicating additional bearish pressure, as a result of today’s loss. The 9- and 21-period moving averages are somewhat below the current price. If the price breaks above the $0.000262 barrier, bullish momentum will pick up speed and test the $0.000330 and $0.000402 barrier levels. Moreover, a more robust bullish rise might push the price beyond $0.000330.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is up for a shorter period. The sponge’s price will increase in response to a client rise. On December 14, the price movement tested the $0.000330 resistance level before retreating to the $0.000136 support level. The $0.000136 support level didn’t change even though sales did. The bulls will quickly take the lead, and the market will rise toward the $0.000262 level.

The relative strength index period 14 signal lines above 55 represent a purchase signal.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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