Sponge (SPONGEUSDT) Price May Surpass Prior High of $0.000330 Level

Azeez Mustapha


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Bulls’ strength increases in Sponge market

SPONGEUSDT Price Analysis – 04 January

If Sponge breaks above $0.000330, bullish momentum will pick up speed and test the barrier levels of $0.000402 and $0.000501. Moreover, a more robust bullish rise might push the price beyond $0.000402.


Key levels:

Resistance levels: $0.000330, $0.000402, $0.000501

Support levels: $0.000262, $0.000196, $0.000136

SPONGEUSDT Long-term Trend: Bullish

Positive signals for the future are currently seen on the daily SPONGEUSDT chart. Sponge market is probably headed back below its three-day low of $0.000196, given the downward trend. People can now gamble on businesses and on themselves thanks to this. The price will eventually rise back to its previous top due to positive pressure. We expect the current strong resistance levels to become support levels following a bullish breakout at the $0.000262 level. It’s still feasible to surpass the prior high of $0.000330.

Price has increased above $0.000262, signaling the start of a price increment, as a result of today’s inclination. The current market price is higher than the 21- and 9-period moving averages. If price breaks above $0.000330, bullish momentum will pick up speed and test the barrier levels of $0.000402 and $0.000501. Moreover, a more robust bullish rise might push the price beyond $0.000402.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is up for a shorter period. The sponge’s price will go up in response to a rise in clients. On December 14, the price movement tested the $0.000330 resistance level before dropping below the $0.000126 support level. Sales fluctuated, but the $0.000126 support level didn’t. As long as bulls keep applying pressure, the market will rise and approach the $0.000330 barrier.

The relative strength index period 14 signal lines at 54 indicate a buy signal.

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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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