Sponge (SPONGEUSDT) Price Will Increase as Demand Grows
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Sponge (SPONGEUSDT) Price Will Increase as Demand Grows

Estimated Reading Time: 3 minutes

Azeez Mustapha

Updated:

There is an increase in $SPONGE sales

SPONGEUSDT Price Analysis –21 JuneThe price will rise to the $0.000322 and $0.00042 barrier levels as the bullish trend gathers steam after breaking through the $0.000224 resistance level.

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

The price of SPONGEUSDT is in the green on the daily chart. A Sponge uptick is set to arrive as bulls continue to build traction. Since there are still openings for new investors, the price is currently in the $0.000224 zone. More buyers are entering the market, which is helping the bulls advance. Once sufficient investor assets have accumulated, the price of the sponge will shortly depart the range zone. Those that take advantage of the imminent SPONGEUSDT market revival will be successful.  When Sponge is priced at $0.000224 or less, it sells more effectively.

Price could exceed $0.000322 as bulls get ready to gain more momentum. The 9- and 21-period moving averages show that bulls are not trailing. The price will rise to the $0.000322 and $0.00042 barrier levels as the bullish trend gathers steam after breaking through the $0.000224 resistance level.

SPONGEUSDT medium-term Trend: Bullish

Regarding the medium-term trend, SPONGEUSDT is bullish. As the price of Sponge crosses above the two dynamic resistance levels, a move to the north is about to take place. The cost was reduced in order to draw in more customers. The price movement originally ran against the $0.00098 resistance level barrier. The price trend changed downward to the $0.000224 level as the price approached the $0.00038 barrier level. More people are purchasing the coin now that the previous support level of $0.00024 has failed.

Costs for sponges will rise as demand rises. With the signal lines at 45, the relative strength index period 14 will provide a buy signal.

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