Buyers’ momentum increases
SPONGEUSDT Price Analysis – 19 December
The bullish trend will intensify if the SPONGEUSDT breaks above the $0.000403 resistance level and before the $0.000502 and $0.000604 barrier levels. Bulls may go farther, pushing the price beyond $0.000502 in the process.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000403, $0.000502, $0.000604
Support levels: $0.000330, $0.000262, $0.000196
SPONGEUSDT Long-term Trend: Bullish
The SPONGEUSDT is in the green, according to the daily chart. To give investors more options, Sponge’s price is kept above $0.0003330. Furthermore, to make Sponge more affordable for a larger range of people. The price is currently less than $0.000403. The upcoming upward trend in the SPONGEUSDT market will be advantageous to them. If there is a bullish breakout at the $0.000403 level, the present strong resistance levels will quickly return to support levels.
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The moving averages with nine and twenty-one periods are set to be breached by the price. The bullish trend will intensify if the price breaks above the $0.000403 resistance level and before the $0.000502 and $0.000604 barrier levels. Bulls may go farther, pushing the price beyond $0.000502 in the process.
SPONGEUSDT medium-term Trend: Bullish
The best choice for shorter periods is SPONGEUSDT. On December 07, the price trend turned around and reached the $0.000403 resistance level after having previously reached the $0.000262 support level. Due to the momentum of more customers being drawn in, the price was raised. As more buyers purchase the currency as a result of the $0.000196 support level holding, its price rises towards the $0.000403 level.
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Sponge prices will rise in tandem with demand. A buy indication may be seen in the relative strength index period 14 signal lines at 53.
There are currently over 462,906,807 $SPONGE tokens staked!
https://twitter.com/spongeoneth/status/1737156109293453318
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