Bulls’ pressure will soon trigger the Sponge price
SPONGEUSDT Price Analysis – 05 June
The bullish trend will pick up speed following the price’s breakthrough of the $0.00038 resistance level and before the $0.00065 and $0.00087 barrier levels. The sponge may surpass $0.00087 level if bulls continue to exert 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
On the daily chart, SPONGEUSDT is in green. The price of Sponge is maintained at $0.00038 and $0.00092 levels for a reason—to provide investors with more options. Additionally, it enables a big audience to purchase Sponge for a low cost. The price is now $0.00038 or less. They will benefit from the optimistic trend that the SPONGEUSDT market will start to experience soon. The current high resistance levels will swiftly revert to support levels if there is a bullish breakout at the $0.00038 level.
June 2023 Sponge Coin Price Prediction & Analysis
June 2023 Sponge Coin Price Prediction & Analysis
The price is on the verge of breaking the 9-period and 21-period moving averages. The bullish trend will pick up speed following the price’s breakthrough of the $0.00038 resistance level and before the $0.00065 and $0.00087 barrier levels. Price may surpass $0.00087 level if bulls continue to exert pressure.
SPONGEUSDT medium-term Trend: Bullish
For shorter time periods, SPONGEUSDT is preferred. On May 7, after hitting the $0.00098 resistance level, the price movement changed direction and reached the $0.00038 support level. In order to draw in more customers, the price is reduced. As a result of the support level of $0.00038 failing to hold, more people are investing in the coin.
As demand increases, sponge prices will go up—the relative strength index period 14 with the signal lines at 52 exhibiting a buy signal.
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