There are more buyers in the SPONGEUSDT market
SPONGEUSDT Price Analysis –14 July
After breaking above the $0.000224 resistance level, Sponge will rise to the $0.000322 and $0.00042 barrier levels as the upward trend continues.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000224, $0.000322, $0.000402
Support levels: $0.000092, $0.00004, $0.00002
SPONGEUSDT Long-term Trend: Bullish
On the daily chart, the price of SPONGEUSDT is bullish. The bulls benefited from a rise of purchasers in the sponge market. The price rises more swiftly as the bulls gain momentum. The price is playing around $0.000092 because there are still openings for new investors. Sponge attracts more buyers effectively when it is priced at $0.000092. Once sufficient amounts of investor funds have accumulated, the price of the sponge will quickly rise over $0.000224. Profits will be made by taking advantage of the impending SPONGEUSDT market recovery.
The price is about to surpass the $0.000224 mark as the bulls get ready to gain further traction. The 9 and 21-period moving averages show that the bulls are still in the lead. After breaking above the $0.000224 resistance level, the price will rise to the $0.000322 and $0.00042 barrier levels as the upward trend continues.
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SPONGEUSDT medium-term Trend: Bullish
The medium-term view reveals that SPONGEUSDT is now expanding. To entice more clients, the price was lowered. Price ran into resistance of $0.00098 at first. As the price got closer to the $0.00038 barrier level, the price trend shifted downward to the $0.000224 level. Because the price of the coin has dropped from its previous support level of $0.00024, more individuals are buying it. A move to the north is about to occur when the price of the sponge crosses the two dynamic resistance levels.
Prices for sponge will rise due to increased demand. The relative strength index period 14 will advise making a purchase when the signal lines hit the 41 level.
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Challenge accepted?!💪😎 pic.twitter.com/Wk7Oo1NQ8m
— $SPONGE (@spongeoneth) July 14, 2023
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