Bullish trend commences in Sponge market.
SPONGEUSDT Price Analysis – 28 December
Bullish momentum will accelerate and test the $0.000402 and $0.000502 barrier levels if Sponge breaks over the $0.000330 barrier. Furthermore, a stronger bullish increase might drive the price above $0.000330
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000330, $0.000402, $0.000502
Support levels: $0.000262, $0.000196, $0.000136
SPONGEUSDT Long-term Trend: Bullish
The current daily chart of SPONGEUSDT indicates a bright future. Given the bearish trend, the sponge market was returning to its previous low of $0.000136 three days ago, which offers businesses and investors a chance to make investments. Positive pressure will eventually cause the price to return to its former peak. After a positive breakout at the $0.000262 level, it is anticipated that the present strong resistance levels will turn into support levels. Breaking through the previous high of $0.000330 is still possible.
As a result of today’s pullback, the price has fallen below $0.000330, indicating a price retracement. The moving averages with 9 and 21 periods are a little bit lower than the current price. Bullish momentum will accelerate and test the $0.000402 and $0.000502 barrier levels if the price breaks over the $0.000330 barrier. 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 changed, but the $0.000136 support level remained the same. The market is surging toward the $0.000330 level as the bulls are exerting pressure.
A buy signal is shown by the relative strength index period 14 signal lines above 58.
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