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SPONGEUSDT Price Analysis – 21 December
Once the price breaks through the $0.000262 resistance level, bullish momentum will pick up speed. The $0.000330 and $0.000403 barrier levels follow. Additionally, a bigger push by the bulls might bring the price above $0.000330.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000262, $0.000330, $0.000403
Support levels: $0.000196, $0.000136, $0.000081
SPONGEUSDT Long-term Trend: Bullish
The daily chart of SPONGEUSDT now shows a promising future. The sponge market’s constant range movement, which lies between $0.000262 and $0.000196, presents an opportunity for both individuals and companies to invest. The price will soon rise to the previous high as the bullish pressure increases. The current high resistance levels are about to become support levels after a bullish breakout at the $0.000262 level. It is feasible to get over the $0.000403 level, which was the previous high.
The fall of today takes the price below $0.000262 and suggests additional bearish pressure. The price is only just crossing the 9- and 21-period moving averages. Once the price breaks through the $0.000262 resistance level, bullish momentum will pick up speed. The $0.000330 and $0.000403 barrier levels follow. Additionally, a bigger push by the bulls might bring the price above $0.000330.
SPONGEUSDT medium-term Trend: Bullish
Over the shorter time frame, SPONGEUSDT is in the green. The sponge’s price will go up in response to a rise in clients. On December 14, the price movement tested the $0.000330 resistance level before retreating to the $0.00065 support level. The product was purchased by more people, but the $0.000196 support level didn’t change. Soon, the bulls will take the lead, and the market will rise toward the $0.000262 level.
The relative strength index period 14 signal lines above 40 indicates a purchase signal.
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