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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.
To guarantee your portion of the V2 token when it launches, you can do this through our website.
🔥 Important Reminder! 🔥
You must take your staked $SPONGE tokens from the V1 staking contract and stake them in our V2 smart contract. 🙌
You can do this via our website to secure your share of the V2 token once it launches. 🧽🧽🧽#SpongeCoin #Web3 #Crypto pic.twitter.com/u2HKxKz3cM
— $SPONGE (@spongeoneth) December 28, 2023
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