Sponge (SPONGEUSDT) Price: There May Be a Bullish Breakout at $0.000330 Level

Azeez Mustapha


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Sponge is moving toward $0.000330 level

SPONGEUSDT Price Analysis – 04 December

Upon breaching the resistance level at $0.000330, Sponge will accelerate, rising towards the following levels, $0.000402 and $0.000502 barrier levels. Should the bulls continue to exert pressure, the price may surpass $0.000502


Key levels:

Resistance levels: $0.000330, $0.000402, $0.000502

Support levels: $0.000196, $0.000169, $0.000136

SPONGEUSDT Long-term Trend: Bullish

The daily chart for SPONGEUSDT is positive. Buyers gave sellers the freedom to do as they liked, increasing the possibilities available to investors. Moreover, it offer Sponge to a large number of people at a reasonable price. These days, the cost is only roughly $0.000215. Congratulations, sponge maker. The positive trend that the SPONGEUSDT market is about to experience will benefit them. If there is a bullish breakout at the $0.000330 level, the high resistance levels that are currently in place will shortly turn into support levels.

The moving averages with 9 and 21 periods are being broken by the price. Upon breaching the resistance level at $0.000330, the price will accelerate rising towards the following levels, $0.000402 and $0.000502 barrier levels. Should the bulls continue to exert pressure, the price may surpass $0.000502.

SPONGEUSDT medium-term Trend: Bullish

The preferable choice for shorter periods is SPONGEUSDT. The $0.000196 support level is maintained since more individuals are purchasing the coin. The price of the sponge will rise in tandem with demand. On November 20, the price trend reversed and struck the support level at $0.000136. Subsequently, the cost has been rising near $0.000330, drawing in more customers.

Sponge is showing signs of bullish movement by trading above the two EMAs. The relative strength index period 14 buy signal is shown with the signal lines at 50.

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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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