SPONGE (SPONGEUSDT) Price: Bulls’ Pressure May Break Up $0.000330 Level

 Buyers are increasing in Sponge market

SPONGEUSDT Price Analysis – 23 November

The price levels of $0.000402 and $0.000502 could be investigated in the event that the $0.000330 resistance level is breached higher. If the $0.000330 resistance level holds, then $0.000196, $0.000269, and $0.000136 provide support for bears.

 

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000330, $0.000402, $0.000502

Support levels: $0.000196, $0.000269, $0.000136

SPONGEUSDT Long-term Trend: Bullish

The daily SPONGEUSDT chart is bullish. Starting on October 28, the price grew gradually and peaked at $0.000196. When a bullish engulfing candle appeared, the bulls were able to break above the target level. Additional affirmative candles were lighted, and the SPONGE kept rising. It is currently up against the $0.000330 barrier after breaking through the upward $0.000196 barrier.

Buying power dominates the SPONGE market. The crossover of the fast-moving average (9 periods) over the slow-moving average (21 periods EMA) indicates a positive trend, provided the price stays above both EMAs. As long as the bulls keep moving forward, the trend could remain bullish. The price levels of $0.000402 and $0.000502 could be investigated in the event that the $0.000330 resistance level is breached higher. If the $0.000330 resistance level holds, then $0.000196, $0.000269, and $0.000136 provide support for bears.

 SPONGEUSDT medium-term Trend: Bullish

The SPONGEUSDT 4-hour chart is showing an increasing trend. Last week, buyers dominated the Sponge market. As pressure on the bulls grew over time, the bullish trend held. The $0.000196 resistance level was broken upward. The increased pressure from the bulls is pushing the price in the direction of the $0.000330 resistance level.

The fact that the Crypto is trading above the 9- and 21-period EMAs and that the fast EMAs are above the slow EMAs suggests a bullish market. The signal lines are bending higher to suggest a buy signal, and the relative strength index period 14 is at 51 levels.

Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!