SPONGE (SPONGEUSDT) Price Is Moving Close to $0.000136 Resistance Level

Buyers’ momentum is increasing

SPONGE (SPONGEUSDT) Price Analysis – 10 October

Sponge is getting close to the $0.000136 resistance level, which could be breached if the Bulls gain more traction, however, a pullback is unavoidable. If the Bulls’ momentum wanes, the price may briefly consolidate

Price Level:

Resistance Level: $0.000136, $0.000196, $0.000330

Support Level: $0.000081, $0.000006, $0.000004

SPONGEUSDT Long-Term Trend: Bullish

The long-term outlook for sponge prices is positive. Last month, The Sponge was bearish. The market fell below the suggested level and finished below the $0.000081 support level. Sponge’s price increased in the direction of $0.000196 on August 7 after breaking the confluence at the resistance level of $0.000136. The bullish surge failed to cross the level that was just underlined. Lowering of prices to draw in additional investors. A sponge is currently moving toward the $0.000136 resistance level.

The 21-period and 9-period moving averages of the cryptocurrency are currently being traded above them. The price of the cryptocurrency increased and remained above the two EMAs. Because the two EMAs are bending in the direction of price movement, it is obvious that the bulls are in charge of the market. The upward bending of the signal lines and the level of 54 of the relative strength index for period 14 indicate that the Bulls are in charge of the market.

Sponge is getting close to the $0.000136 resistance level, which could be breached if the Bulls gain more traction, however, a pullback is unavoidable. If the Bulls’ momentum wanes, the price may briefly consolidate.

SPONGEUSDTUSD Short-term Trend: Bullish

A short-term bullish trend is predicted for SPONGEUSDT. On the 4-hour chart, the Bulls are still moving forward. The previous 9-period and 21-period EMA dynamic resistance levels were broken as a result of an increase in the bulls’ momentum. The resistance level of $0.000136 is where the cryptocurrency is now moving.

The coin is trading above the two EMAs as the 9-period EMA crosses the 21-period EMA higher. The Relative Strength Index period 14’s upward-pointing signal lines show a buy signal at 57 levels.

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🔗 https://t.co/lDGSBf8kaO pic.twitter.com/6rWk9qxE4f

— $SPONGE (@spongeoneth) October 9, 2023

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