Sponge is targeting $0.000330 level – Price Increase
SPONGE Price Analysis – 06 December
After breaking through the resistance level at $0.000330, Sponge will move higher and head for the $0.000402 and $0.000502 barrier levels. That is price increase. If the bulls keep pushing, the price might even reach the $0.000502 level.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000330, $0.000402, $0.000502
Support levels: $0.000196, $0.000169, $0.000136
SPONGEUSDT Long-term Trend: Bullish. Price Increase
The SPONGEUSDT daily chart is trending upward. Investor options increased as buyers granted sellers the latitude to act as they pleased. Additionally, to provide Sponge at a fair price to a big number of individuals. These days, it just costs about $0.000249. Well done, sponge maker. They will profit from the uptrend that the SPONGEUSDT market is set to undergo. The high resistance levels that are currently in place will soon become support levels if there is a bullish breakout at the $0.000330 level.
Price is breaking the 9- and 21-period moving averages. After breaking through the resistance level at $0.000330, the price will move higher and head for the $0.000402 and $0.000502 barrier levels. If the bulls keep pushing, Sponge might even reach $0.000502 level.
SPONGEUSDT medium-term Trend: Bullish
For shorter times, SPONGEUSDT is a better option, because of the price increase. Since more people are buying the coin, the $0.000196 support level is still in place. Demand will cause the sponge’s price to increase. The price trend turned around on November 20 and hit the $0.000136 support level. As a result, the price has been increasing by about $0.000330, attracting more clients.
Sponge is trading above the two EMAs, indicating bullish movement (price increase). The purchase signal for period 14 of the relative strength index is displayed with the signal lines at 52.
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— $SPONGE (@spongeoneth) September 26, 2023
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