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Bulls’ pressure is triggering the price
SPONGEUSDT Price Analysis – 15 December
The bullish trend will intensify once the SPONGEUSDT surpasses the $0.000403 resistance level and before the $0.000502 and $0.000604 barrier levels. The price can rise above the $0.000502 mark if bulls keep pushing
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000403, $0.000502, $0.000604
Support levels: $0.000330, $0.000262, $0.000196
SPONGEUSDT Long-term Trend: Bullish
The SPONGEUSDT is in the green on the daily chart. The reason Sponge’s price is kept above $0.0003330 is to provide investors with further choices. In addition, to make Sponge affordable for a large audience. Right now, the cost is $0.000403 or less. They stand to gain from the positive trend that the SPONGEUSDT market is about to witness. In the event of a bullish breakout at the $0.000403 level, the existing high resistance levels will quickly return to support levels.
The 9-period and 21-period moving averages are about to be broken by the price. The bullish trend will intensify once SPONGEUSDT breaks above the $0.000403 resistance level and before the $0.000502 and $0.000604 barrier levels. The price can rise above the $0.000502 mark if bulls keep pushing.
SPONGEUSDT medium-term Trend: Bullish
For shorter periods, SPONGEUSDT is preferred. On November 18, after hitting the $0.000502 resistance level, the price movement changed direction and reached the $0.000196 support level. To draw in more customers, the price is reduced. As a result of the support level of $0.000196 failing to hold, more people are investing in the coin and the price picks up towards $0.000403 level.
SPONGEUSDT costs will rise in tandem with demand. A purchase indication is displayed by the signal lines at 49 in the relative strength index period 14.
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