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SPONGEUSDT Price Analysis – 22 December
Bullish momentum will accelerate if the price breaks past the $0.000196 barrier mark, the $0.000403 and $0.000330 barrier levels may be tested. Furthermore, a stronger rally by the bulls might send the price beyond $0.000330.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000196, $0.000262, $0.000330
Support levels: $0.000136, $0.000081, $0.000006
SPONGEUSDT Long-term Trend: Bullish
SPONGEUSDT daily chart currently indicates a bright future. The bearish movement of the sponge market, which is towards the previous low of $0.000136, offers a chance for investments to be made by both people and businesses. As the positive pressure builds, the price will shortly return to its earlier high. Following a bullish breakout at the $0.000262 level, the present strong resistance levels are poised to turn into support levels. It is possible to surpass the previous high of $0.000330 level.
Today’s decline pushes the price below $0.000196 and points to further bearish pressure. Sponge is barely below the moving averages with 9 and 21 periods. Bullish momentum will accelerate if the price breaks past the $0.000196 barrier mark, the $0.000403 and $0.000330 barrier levels may be tested. Furthermore, a stronger rally by the bulls might send the price beyond $0.000330.
SPONGEUSDT medium-term Trend: Bullish
For a shorter period, SPONGEUSDT is up. An increase in customers will result in a price increase for the sponge. The price movement on December 14 retreated to the $0.000136 support level after testing the $0.000330 resistance level. Although more people bought the goods, the $0.000136 support level remained constant. The market will surge toward the $0.000262 level as the bulls soon seize the initiative.
A buy signal is indicated by the relative strength index period 14 signal lines above 40.
Watch this space for announcements and critical dates!
Once the Sponge Transition is complete, you'll be able to claim your #SpongeV2 tokens via our website 🙏⚡️
Keep an eye out for important dates and announcements! 🧽💦#Sponge #Altcoins #AltSeason pic.twitter.com/ijSSPDRfQ5
— $SPONGE (@spongeoneth) December 22, 2023
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