Sponge (SPONGEUSDT) Price: Bulls May Go Farther, Pushing Price Beyond $0.000502 Level

Azeez Mustapha

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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.

Sponge (SPONGEUSDT) Price: Bulls May Go Farther, Pushing Price Beyond $0.000502 Level

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.

Sponge (SPONGEUSDT) Price: Bulls May Go Farther, Pushing Price Beyond $0.000502 Level

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!

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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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