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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.
Sign up for the $SPONGE Army now!
Join the $SPONGE Army today!💪🔥🧽 pic.twitter.com/BDaRKLa0nG
— $SPONGE (@spongeoneth) May 29, 2023
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