Sponge (SPONGEUSDT ) Price May Increase Above $0.00065 Level Soon

The bulls are dominating Sponge market

SPONGEUSDT Price Analysis – 12 May

Bullish momentum will continue to build until Sponge breaks through the $0.00065 resistance level, which is followed by the $0.00087 and $0.00098 resistance levels. The bulls’ pressure may continue to build, driving the price up above $0.00098 mark.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00065, $0.00087, $0.00098

Support levels: $0.00038, $0.000092, $0.0004

SPONGEUSDT Long-term Trend: Bullish

SPONGEUSDT is bullish at the moment on the daily chart. A few days ago, the coin was range-bound between the $0.00065 resistance and $0.00038 support levels. The bulls were ultimately successful in breaking through the mentioned resistance level. On May 7, the bulls’ enthusiasm was sufficient to drive the price to the $0.0098 resistance level. To allow more purchasers to purchase the currency, the price dropped to the aforementioned amount of $0.00038.

It is time to buy Sponge

More buyers are investing on Sponge, moving the price level toward $0.00065. The price is attempting to break above the 9-period and 21-period moving averages, signaling increased pressure from the bulls. Bullish momentum will continue to build until the price breaks through the $0.00065 resistance level, which is followed by the $0.00087 and $0.00098 resistance levels. The bulls’ pressure may continue to build, driving the price up above $0.00098 mark.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is bullish in the lower time frame. On May 7, the price movement tested the $0.00098 resistance level before retracing to the $0.00065 support level. The level was unbreakable due to an increase in the number of buyers. The market is currently rising toward $0.00065 as the bulls seize control. Individuals and businesses will now have the chance to invest.

The relative strength index period 14 with the signal lines exhibiting buy.

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