The buyers’ momentum will soon increase
SPONGEUSDT Price Analysis – 23 May
Bullish momentum will accelerate as the Sponge breaks through the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels. The price could rise above $0.00087 when the bulls’ heightened pressure.
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. Buyers allowed the sellers to have their way; this is done to give more opportunity to investors. Also, it allows a large number of people to possess Sponge at an affordable price. The price is lowered below $0.00038. Kudos to Sponge Maker. They will be able to profit from the upbeat trend that the SPONGEUSDT market will soon begin to experience. If there is a bullish breakout at the $0.00065 level, the high resistance levels that are now in place will quickly turn into support levels.
Today’s SPONGE Coin Price News and 22/MAY SPONGE Prediction.
The 9-period and 21-period moving averages are just about to be overtaken by the price. Bullish momentum will accelerate as the price breaks through the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels. The price could rise above $0.00087 when the bulls’ heightened pressure.
SPONGEUSDT medium-term Trend: Bullish
SPONGEUSDT is favored in the shorter time horizon. The coin is being purchased by more people, hence the $0.00038 support level could not hold. The sponge’s cost will rise as demand rises. On May 7, the price movement reversed course and reached the $0.00038 support level after testing the $0.00098 resistance level. The price is lowered to encourage more buyers into the market.
The relative strength index period 14 with the signal lines at 38 will exhibit a buy signal.
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