Sponge (SPONGEUSDT) Price May Soar Higher Soon As Investors Increase

Azeez Mustapha


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SPONGEUSDT Price Analysis – 24 May

As soon as Sponge breaches the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels, bullish momentum will pick up speed. When the bulls put further pressure on the price, it can go above $0.00087.


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 bullish. Buyers gave sellers the freedom to act any way they pleased; this is done to provide investors with greater opportunities. Moreover, to make Sponge accessible to a vast number of individuals at a reasonable cost. The cost is decreased to less than $0.00038. Well done, sponge maker. The cheerful trend that the SPONGEUSDT market will soon start to encounter will allow them to profit. The high resistance levels that are now in place will swiftly change into support levels if there is a bullish breakout at the $0.00038 level.

The price is on the verge of passing both the 9-period and 21-period moving averages. As soon as the price breaches the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels, bullish momentum will pick up speed. When the bulls put further pressure on the price, it can go above $0.00087.

SPONGEUSDT medium-term Trend: Bullish

In the shorter time range, SPONGEUSDT is preferred. Because more people are buying the coin, the $0.00038 support level was unable to hold. The price of the sponge will increase as demand grows. After reaching the $0.00098 resistance level on May 7, the price movement turned around and achieved the $0.00038 support level, in order to attract more consumers to the market, the price is reduced.

The relative strength index period 14 with the signal lines at 45 is exhibiting a buy signal.

Keep an eye on your $SPONGE at all times!

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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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