Sponge (SPONGEUSDT) Price: Customers Are Asking for an Increase in Price to $0.000196

More Pressure from buyers

SPONGE (SPONGEUSDT) Price Analysis – 07 November

The resistance levels of $0.000196, $0.000330, and $0.000402 might be the next goals if the $0.000136 level is maintained. In Sponge market, Support levels at $0.000081 and $0.000006 might be looked at if the $0.000136 support level is breached below.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000136, $0.000081, $0.000006

SPONGEUSDT Long-term Trend: Bullish

Sponge has hope for the future. Because of the daily spike in consumer demand, the price of the sponge last week broke above the $0.000136 resistance level. Given the close relationship between price rises and customer demand, the new target is $0.000196. Every day, the number of bullish candles increased. At $0.000136, the price broke through a key barrier. Sponge price has moved inside and outside of the indicated resistance levels during the last two weeks. To draw in more investors, buyers are putting increasing pressure on the coin these days. Right now, customers are asking for the price to be increased to $0.000196.

The two moving averages (EMAs) that slope northward indicate that trade is bullish, and the sponge’s 9- and 21-period EMAs are crossing. The resistance levels of $0.000196, $0.000330, and $0.000402 might be the next goals if the $0.000136 level is maintained. Support levels at $0.000081 and $0.000006 might be looked at if the $0.000136 support level is breached below.

SPONGEUSDT Medium-term Trend: Bullish

The 4-hour chart of Sponge shows a bullish trend. The bulls have overcome the resistance level at $0.000136. The market was not negatively impacted by the sellers’ actions. The robust bullish candles of today suggest that buyers are moving more quickly. The price will rise to $0.000330 very soon in the future.

There is most likely more purchasing momentum because the coin is trading above both EMAs. The Relative Strength Index’s period 14 signal line, which rises at 31, indicates a buy signal.

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