Sponge (SPONGEUSDT) Price: Current Strong Resistance Levels Are Set to Become Support Levels

A more robust bullish rise might push the price beyond $0.000330

SPONGEUSDT Price Analysis – 25 December

When Sponge breaks over the $0.000262 barrier, bullish momentum will pick up speed, and the $0.000330 and $0.000402 barrier levels can be put to the test. Moreover, a more robust bullish rise might push the price beyond $0.000330.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000262, $0.000330, $0.000402

Support levels: $0.000196, $0.000136, $0.000081

 

SPONGEUSDT Long-term Trend: Bullish

Right now, the SPONGEUSDT daily chart points to a promising future. The bearish trend in the sponge market, which is heading back toward its previous low of $0.000136, presents an opportunity for individuals and companies to make investments. In due course, the price will rise back to its previous peak as positive pressure continues to build. The current strong resistance levels are set to become support levels after a bullish breakout at the $0.000262 level. It is feasible to get beyond the $0.000330 level, which was the previous high.

The price has dropped below $0.000262 as a result of today’s loss, signaling additional bearish pressure. The price is just below the 9- and 21-period moving averages. If the price breaks over the $0.000262 barrier, bullish momentum will pick up speed, and the $0.000330 and $0.000402 barrier levels can be put to the test. Moreover, a more robust bullish rise might push the price beyond $0.000330.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is up for the shorter duration. The sponge’s price will go up in response to a rise in clients. On December 14, the price movement tested the $0.000330 resistance level before retreating to the $0.000136 support level. Despite an increase in sales, the $0.000136 support level did not change. The bulls will quickly take the lead, and the market will rise toward the $0.000262 level.

The relative strength index period 14 signal lines above 40 represent a purchase signal.

So near, yet so far away

So close yet so far 🧽💦#SpongeV2 #MemeCoin #Presale pic.twitter.com/60FGkTVSop

— $SPONGE (@spongeoneth) December 25, 2023

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