Sponge (SPONGEUSDT) Price: Buyers’ Impetus Will Soon Increase

Azeez Mustapha

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Price could soar soon as investor interest grows

SPONGEUSDT Price Analysis – 25 May

Sponge may rise above $0.00087 if the bulls apply further pressure. Bullish momentum will accelerate as soon as the price breaks through the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00038, $0.00065, $0.00087

Support levels: $0.000092, $0.00004, $0.00002

SPONGEUSDT Long-term Trend: Bullish

SPONGEUSDT is Bullish on the daily chart. In order to give investors more options, buyers gave sellers the freedom to behave however they chose. Additionally, to make Sponge inexpensively available to a large number of people. It now only costs less than $0.00038. Congrats, sponge maker. They will profit from the upbeat trend that the SPONGEUSDT market will soon start to experience. If there is a bullish breakout at the $0.00038 level, the high resistance levels that are now in place will quickly turn into support levels.

MEME TOKEN Might Blow Up IF THIS OCCURS!

The 9-period and 21-period moving averages are about to be broken by the price. Bullish momentum will accelerate as soon as the price breaks through the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels. The price may rise above $0.00087 if the bulls apply further pressure.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is preferred for shorter time periods. The support level at $0.00038 failed to hold since more people are purchasing the coin. Sponge’s cost will rise as demand rises. On May 7, the price movement reversed and reached the $0.00038 support level. The price has since been decreased to $0.00038 in an effort to draw in more customers.

The buy signal is displayed by the relative strength index period 14 with the signal lines at 48.

Invest in the hottest and best meme coin? Buy SpongeBob ($SPONGE) today!

 

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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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