Sponge (SPONGEUSDT) Price Is Preparing to Break Up $0.00038 Level

Azeez Mustapha


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SPONGEUSDT Price Analysis – 12 June

Sponge will rise to the $0.00065 and $0.00087 barrier levels after breaking through the $0.00038 resistance level as the upward trend picks up speed.


Key levels:

Resistance levels: $0.00038, $0.00065, $0.00087

Support levels: $0.000092, $0.00004, $0.00002


SPONGEUSDT Long-term Trend: Bullish

On the daily chart, SPONGEUSDT is in green. The bulls are steadily gaining ground as the number of buyers rises. The price of the sponge will soon leave the range zone once enough investor assets have amassed. Since there is still room for new investors, the price remains at $0.00038. The SPONGEUSDT market will soon experience a resurgence, and those who take advantage of the opportunity will earn.  Sponge sells better when it is priced at $0.00038 or less.

Price may increase over $0.00087 as bulls get ready to gain more impetus. The bulls do not appear to be lagging behind, according to both the 9- and 21-period moving averages. The price will rise to the $0.00065 and $0.00087 barrier levels after breaking through the $0.00038 resistance level as the upward trend picks up speed.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is bullish on a medium-term trend. Sponge’s price is currently above the two dynamic resistance levels, and it is about to soar in the direction of the north. The price was reduced in order to draw in more customers. May 7 marked the price movement’s encounter with the $0.00098 resistance level barrier. The price movement then changed course and reached the $0.00038 support level. More people are purchasing the coin as a result of the support level of $0.00038 failing to hold.

Sponge prices will increase as demand grows. The relative strength index period 14 will show a buy signal with the signal lines at 44.

Hey there, #SPONGERS!

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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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