SPONGE (SPONGEUSDT) Price Pulls Back From $0.000330 Level

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


Sellers counter buyers in Sponge market

SPONGEUSDT Price Analysis – 21 November

Sponge levels of $0.000402 and $0.000502 could be investigated if the $0.000330 resistance level is breached higher. Bears can find support at $0.000196, $0.000269, and $0.000136 if the resistance level at $0.000330 holds.

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000330, $0.000402, $0.000502

Support levels: $0.000196, $0.000269, $0.000136

SPONGEUSDT Long-term Trend: Bullish

On the daily chart, SPONGEUSDT is bullish. The price peaked at $0.000196 thanks in part to the increasing trend that started on October 28. A bullish harami candle appeared, allowing the bulls to break above the targeted level. Additional affirmative candles were lighted, and the SPONGE kept rising. It is currently up against the $0.000330 barrier after breaking through the upward $0.000196 barrier.

The SPONGE market is dominated by buyers. The crossover of the fast-moving average (9 periods) over the slow-moving average (21 periods EMA) indicates a positive trend, as long as the price stays above both EMAs. As long as the bulls keep moving forward, the bullish trend could continue. The price levels of $0.000402 and $0.000502 could be investigated if the $0.000330 resistance level is breached higher. Bears can find support at $0.000196, $0.000269, and $0.000136 if the resistance level at $0.000330 holds.

 SPONGEUSDT medium-term Trend: Bullish

On the 4-hour SPONGEUSDT chart, there is an upward trend. Last week, buyers dominated the Sponge market. As pressure on the bulls increased over time, the bullish trend held. After testing, the $0.000196 resistance level was broken upwards. The increased pressure from the bulls is pushing the price in the direction of the $0.000330 resistance level.

The fact that the Crypto is trading above the 9- and 21-period EMAs and that the fast EMAs are above the slow EMAs indicates a bullish market. The signal lines are bending higher to suggest a buy signal, and the relative strength index period 14 is at 38 levels.

Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

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.

Leave a Reply

Your email address will not be published. Required fields are marked *