Sponge (SPONGEUSDT) Price: A Stronger Bullish Increase Might Drive Price Above $0.000330

Azeez Mustapha


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A stronger bullish increase envisaged

SPONGEUSDT Price Analysis – 26 December

Bullish momentum will accelerate if the Sponge breaks above the $0.000262 barrier, testing the $0.000330 and $0.000402 barrier levels. Furthermore, a stronger bullish increase might drive the price above $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 currently indicates a bright future. The bearish trend in the sponge market, which is returning to its previous low of $0.000136, offers people and businesses a chance to invest. Positive pressure will eventually cause the price to return to its former peak. Following a bullish breakout at the $0.000262 level, the present strong resistance levels are expected to turn into support levels. Reaching above the previous high of $0.000330 is still possible.


The loss of today has caused the price to fall below $0.000262, indicating more bearish pressure. Sponge is just below the moving averages with 9 and 21 periods. Bullish momentum will accelerate if the price breaks above the $0.000262 barrier, testing the $0.000330 and $0.000402 barrier levels. Furthermore, a stronger bullish increase might drive the price above $0.000330.

SPONGEUSDT medium-term Trend: Bullish

For the shorter time, SPONGEUSDT is up. An increase in customers will result in a price increase for the sponge. The price movement on December 14 retreated to the $0.000136 support level after testing the $0.000330 resistance level. Sales increased, but the $0.000136 support level remained unchanged. The market will surge toward the $0.000262 level as the bulls soon seize the initiative.

A buy signal is indicated by the relative strength index period 14 signal lines above 47.

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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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