Price will increase as investor interest grows
SPONGEUSDT Price Analysis – 29 May
All investors stand to gain from the upbeat trend that the Sponge market will soon begin to experience. If there is a bullish breakout at the $0.00038 level, the present strong resistance levels will quickly change into support levels.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.00038, $0.00065, $0.00087
Support levels: $0.000092, $0.00004, $0.00002
SPONGEUSDT Long-term Trend: Bullish
SPONGEUSDT is bullish, on the daily chart. Bravo to the sponge maker, the cost is now $0.00038 or less. This is to provide investors additional choices, buyers granted sellers the freedom to lower the price below $0.00038 level. Additionally, to make Sponge accessible to a large audience at a reasonable price. All investors stand to gain from the upbeat trend that the SPONGEUSDT market will soon begin to experience. If there is a bullish breakout at the $0.00038 level, the present strong resistance levels will quickly change into support levels.
The 9-period and 21-period moving averages are set to be surpassed by the price. Following a price break above the $0.00038 resistance level and before the $0.00065 and $0.00087 barrier levels, the bullish momentum will pick up speed. If the bulls exert more pressure, the price is expected to rise beyond $0.00087.
SPONGEUSDT medium-term Trend: Bullish
Shorter time periods are better suited for SPONGEUSDT. The support level at $0.00038 failed to hold as more people bought the coin. The sponge’s cost will rise as demand rises. On May 7, the price trend reversed and hit the $0.00038 support level. Later, the price was reduced to $0.00038 in an effort to draw in more consumers.
The buy signal is displayed by the relative strength index period 14 with the signal lines at 47.
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— $SPONGE (@spongeoneth) May 29, 2023
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