Sponge (SPONGEUSDT) Price Was Lowered to Entice More Clients

Azeez Mustapha


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More individuals are buying SPONGEUSDT

SPONGEUSDT Price Analysis –18 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. The bulls benefit from the increase in purchasers on the sponge market. The price rises more swiftly as the bulls gain momentum. The price is now circling around $0.000092 due to the presence of new investors. Priced at $0.000092, the sponge efficiently attracts more buyers. Once sufficient investor funds have accumulated, Sponge’s price will soon surpass $0.000224. Profits will be made by taking advantage of the upcoming SPONGEUSDT market recovery.

The price is about to surpass $0.000224, and the bulls are 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.

SPONGEUSDT medium-term Trend: Bullish

The medium-term outlook reveals that SPONGEUSDT is now increasing. Price immediately ran into $0.00098 in 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.

Sponge prices will rise as a result of increased demand. The relative strength index period 14 will advise buying whenever the signal lines reach 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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