Sponge (SPONGEUSDT) Price Remains Between $0.00038 and $0.000092 Levels for More Investors

Azeez Mustapha


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Sponge prices will soon soar toward the north

SPONGEUSDT Price Analysis – 02 June

In case the bulls exert further pressure, Sponge may rise above $0.00087. Once the price clears the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels, bullish momentum will pick up speed.


Key levels:

Resistance levels: $0.00038, $0.00065, $0.00087

Support levels: $0.000092, $0.00004, $0.00002

SPONGEUSDT Long-term Trend: Bullish

On the daily chart, SPONGEUSDT is bullish. For a reason, the sponge’s price remains between $0.00038 and $0.00092 levels; this is done to provide investors with more possibilities. Additionally, it enables many people to get Sponge at a low cost. It now just costs $0.00038. They stand to gain from the optimistic trend that the SPONGEUSDT market will soon begin to experience. The high resistance levels now in place will swiftly change into support levels if there is a bullish breakout at the $0.00038 level.

The price is about to surpass the 9-period and 21-period moving averages. In case the bulls exert further pressure, the price may rise above $0.00087. Once the price clears the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels, bullish momentum will pick up speed.

SPONGEUSDT medium-term Trend: Bullish

At the shorter time frame, SPONGEUSDT is preferred. Since the support level of $0.00038 failed to hold, more people are making investments in the coin. The price of the sponge will increase as demand grows. The price movement encountered the $0.00098 resistance level on May 7 before turning around and reaching the $0.00038 support level. To encourage more customers to the market, the price is reduced.

The relative strength index period 14 with the signal lines at 34 will exhibiting 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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