Sponge (SPONGEUSDT) Price: Buyers’ Impetus Is Increasing

Azeez Mustapha


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Price could soar above $0.00030 as investor interest grows

SPONGEUSDT Price Analysis – 01 December

Once Sponge breaks through the $0.000330 resistance level, bullish momentum will pick up speed. The $0.000402 and $0.000502 barrier levels follow. If the bulls keep up their pressure, the price can move above $0.000502.


Key levels:

Resistance levels: $0.000330, $0.000402, $0.000502

Support levels: $0.000196, $0.000169, $0.000136

SPONGEUSDT Long-term Trend: Bullish

For SPONGEUSDT, the daily chart shows bullishness. Buyers allowed sellers the latitude to act as they pleased, providing investors with more options. Furthermore, to provides Sponge to a huge number of individuals at a low cost. These days, it just costs about $0.000226. Well done, sponge maker. They stand to gain from the optimistic trend that the SPONGEUSDT market is about to witness. The high resistance levels that are currently in place will soon become support levels if there is a bullish breakout at the $0.000330 level.

The price is breaking through the 9- and 21-period moving averages. Once the price breaks through the $0.000330 resistance level, bullish momentum will pick up speed. The $0.000402 and $0.000502 barrier levels follow. If the bulls keep up their pressure, the price can move above $0.000502.

SPONGEUSDT medium-term Trend: Bullish

For shorter periods, SPONGEUSDT is the better option. The fact that more people are buying the coin means that the support level at $0.000196 holds. As demand increases, so will the cost of the sponge. The price movement turned around on November 20 and touched the $0.000136 support level. Since then, the price has been increasing towards $0.000330 attracting more clients.

Sponge is trading above the two EMAs as a sign of bullish movement. The buy signal is displayed by the relative strength index period 14 with the signal lines at 50.

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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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