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SPONGEUSDT Price Analysis – 31 May
Bullish momentum will accelerate as soon as Sponge breaks through the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels. When the bulls apply further pressure, the price may surpass $0.00087 level
SPONGEUSDT Market
Key levels:
Resistance levels: $0.00038, $0.00065, $0.00087
Support levels: $0.000092, $0.00004, $0.00002
SPONGEUSDT Long-term Trend: Bullish
SPONGEUSDT is bullish on the daily chart. It is not in vain the price of Sponge remains between $0.00038 and $0.00092 levels; this is done to provide investors with more options. Additionally, to make Sponge inexpensively available to a large number of people. It now only costs less than $0.00038. They will profit from the upbeat trend that the SPONGEUSDT market will soon start to experience. If there is a bullish breakout at the $0.00038 level, the high resistance levels that are now in place will quickly turn into support levels .
The 9-period and 21-period moving averages are about to be broken by the price. Bullish momentum will accelerate as soon as the price breaks through the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels. When the bulls apply further pressure, the price may surpass $0.00087 level
SPONGEUSDT medium-term Trend: Bullish
SPONGEUSDT is preferred in the shorter time range. More people are investing in the coin when the support level of $0.00038 was unable to hold. The sponge’s cost will rise as demand rises. On May 7, the price movement reversed course and reached the $0.00038 support level after encountering the $0.00098 resistance level. The price is lowered to entice more shoppers to the market.
The relative strength index period 14 with the signal lines at 46 exhibiting a buy signal.
Salutations to King $SPONGE!
All hail King $SPONGE!!! 👑🧽💎 pic.twitter.com/I5RVQwO7NA
— $SPONGE (@spongeoneth) May 31, 2023
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