Sponge (SPONGEUSDT) Price Rises More Swiftly as Bulls Gain Momentum

Azeez Mustapha


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SPONGEUSDT Price Analysis –21 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.


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. New investors have brought about the price’s current fluctuation of roughly $0.000092. Sponge efficiently attracts more customers at $0.000092. The bulls benefit from the increase in sponge market purchasers. The price rises more swiftly as the bulls gain momentum. Once sufficient investment capital is accumulated, the price of the sponge will shortly surpass $0.000224. Profits will be made by taking advantage of the upcoming SPONGEUSDT market recovery.

As the price approaches $0.000224, the bulls are ready to grab further ground. 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.

SPONGEUSDT medium-term Trend: Bullish

The medium-term outlook indicates that SPONGEUSDT is currently growing. At $0.00098, the price immediately ran into resistance. As the price got closer to the $0.00038 barrier level, the price trend shifted downward to the $0.000224 level. To entice more clients, the price was lowered. 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.

Price will increase as a result of the increased demand for sponge. The relative strength index period 14 will suggest buying whenever the signal lines pass the level of 44.

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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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