Sponge (SPONGEUSDT ) Price: Buyers Are Gathering Momentum to Push Price Higher

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


The bulls are increasing in Sponge market

SPONGEUSDT Price Analysis – 15 May

Bullish momentum will increase until the Sponge crosses the $0.00065 resistance level, which is followed by the $0.00087 and $0.00098 barrier levels. The price may rise above $0.00098 due to the bulls’ increasing push.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00065, $0.00087, $0.00098

Support levels: $0.00038, $0.000092, $0.0004

SPONGEUSDT Long-term Trend: Bullish

SPONGEUSDT is bullish at the moment on the daily chart. The cost of the currency is currently reduced to the previously specified level of $0.00038 to enable more buyers to buy it. The coin’s price ranged between the $0.00038 support and $0.00065 resistance levels a few days ago. In the end, the bulls were able to surpass the indicated resistance level. On May 7, the price reached the $0.0098 resistance level thanks to the bulls’ enthusiasm.

Sponge is seeing an increase in investor interest, pushing the price level closer to $0.00065. Indicating rising pressure from the bulls, the price is seeking to break above the 9-period and 21-period moving averages. Bullish momentum will increase until the price crosses the $0.00065 resistance level, which is followed by the $0.00087 and $0.00098 barrier levels,. The price may rise above $0.00098 due to the bulls’ increasing push.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is bullish in the lower time frame. Buyers are gathering momentum to push up Sponge’s price. On May 7, the price movement retraced to the $0.00065 support level after testing the $0.00098 resistance level. The level couldn’t be broken because there were more purchasers. The bulls are taking control as the market is moving toward $0.00065. Now, more people and companies will have the opportunity to invest.

The relative strength index period 14 with the signal lines above 42 will exhibit a buy signal.

 

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

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.

Leave a Reply

Your email address will not be published. Required fields are marked *