Buyers are applying greater pressure
SPONGE (SPONGEUSDT) Price Analysis – 17 October
The resistance levels of $0.000136, $0.000330, and $1,786 may be the targets if the $0.000081 level holds. Support levels of $0.000006 and $0.000004 may be tested if the support level of $0.000081 is breached on the downside
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000136, $0.000196, $$0.000330
Support levels: $0.000081, $0.000006, $0.000004
SPONGEUSDT Long-term Trend: Bullish
Sponge has an optimistic outlook for the long run. Buyers are not yet worn out. The cost of Sponge rises as consumer pressure does. On September 6, the resistance level of $0.000136 was unable to hold. Daily bullish candles increased in number. At $0.000136, the price ruptured a critical price level. Last week, the price moved back and forth between the indicated resistance levels. To draw in additional investors, sellers applied further pressure and broke the level toward the end of the week. Currently, buyers are applying greater pressure and are aiming for the level of $0.000136.
With the two EMAs inclining towards the north and the price trading above both the 9-period and 21-period EMAs, this indicates positive activity in the Sponge market. The resistance levels of $0.000136, $0.000330, and $1,786 may be the targets if the $0.000081 level holds. Support levels of $0.000006 and $0.000004 may be tested if the support level of $0.000081 is breached on the downside.
SPONGEUSDT Medium-term Trend: Bullish
Sponge’s 4-hour chart indicates a bullish bias. The interruption of the sellers was unable to cause a bearish reversal in the market. At the aforementioned resistance level, it appears that the bulls’ pressure has not yet been spent. On October 14, powerful bullish candles formed, indicating that buyers were gaining pace. The positive break of the $0.000136 resistance level can cause the price to rise toward $0.000196.
The fact that the price is trading above the two EMAs suggests that buyers are moving with greater momentum. The signal line on the Relative Strength Index period 14 is pointing upward to indicate a buy signal at 65 levels.
Don’t pass up the opportunity to participate in the $SPONGE airdrop and dry the moist.
π Time is running out, #SPONGERS! π
Donβt miss your chance to join the $SPONGE airdrop and absorb the damp π§½π¦
β Entry closes on Oct 30th
π€© Winners selected on Nov 1stπ Learn how to enter nowhttps://t.co/lzRhjW4oLL#SPONGE #Crypto #Airdrop pic.twitter.com/3DuWm1rhz2
— $SPONGE (@spongeoneth) October 17, 2023
Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!
- Broker
- Min Deposit
- Score
- Visit Broker
- Award-winning Cryptocurrency trading platform
- $100 minimum deposit,
- FCA & Cysec regulated
- 20% welcome bonus of upto $10,000
- Minimum deposit $100
- Verify your account before the bonus is credited
- Over 100 different financial products
- Invest from as little as $10
- Same-day withdrawal is possible
- Fund Moneta Markets account with a minimum of $250
- Opt in using the form to claim your 50% deposit bonus
Learn to Trade
Never Miss A Trade Again
Signal Notification
Real-time signal notifications whenever a signal is opened, closes or Updated
Get Alerts
Immediate alerts to your email and mobile phone.
Entry Price Levels
Entry price level for every signal Just choose one of our Top Brokers in the list above to get all this free.