Sponge (SPONGEUSDT) Price: Bulls Are Still Leading  

Azeez Mustapha

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More people are purchasing SPONGEUSDT

SPONGEUSDT Price Analysis –19 July

Sponge will increase to the $0.000322 and $0.00042 barrier levels as the rising trend continues after breaking through the $0.000224 resistance level.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000224, $0.000322, $0.000402

Support levels: $0.000092, $0.00004, $0.00002

SPONGEUSDT Long-term Trend: Bullish

The price of SPONGEUSDT is bullish on the daily chart. The arrival of fresh investors has caused the price to now fluctuate at about $0.000092. At $0.000092, sponge effectively draws in more customers. The rise in sponge market buyers is advantageous to the bulls. As the bulls gather strength, the price climbs more quickly Sponge’s price will soon surpass $0.000224 once enough investor capital has amassed. Taking advantage of the impending SPONGEUSDT market recovery will result in profits.

The bulls are poised to gain further traction as the price is going to reach $0.000224. The Bulls are still in the lead, as indicated by the 9 and 21-period moving averages. The price will increase to the $0.000322 and $0.00042 barrier levels as the rising trend continues after breaking through the $0.000224 resistance level.

The Secret of Why $SPONGE Coin Will Explode

SPONGEUSDT medium-term Trend: Bullish

According to the medium-term outlook, SPONGEUSDT is currently rising. Price immediately encountered resistance at $0.00098. The price trend changed downward to the $0.000224 level as the price approached the $0.00038 barrier level. The cost was reduced in order to draw in more customers. More people are purchasing the coin as a result of the decrease in price from its prior support level of $0.00024. When the price of the sponge crosses the two dynamic resistance levels, a move to the north is about to take place.

The rising demand for sponges will result in higher prices. Every time the signal lines cross the level of 47, the relative strength index period 14 will recommend buying.

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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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