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The market for SPONGEUSDT has more buyers
SPONGEUSDT Price Analysis –17 July
The Bulls are still in the lead, as indicated by the 9 and 21-period moving averages. The price will increase to the $0.000322 and $0.00042 barrier levels as the rising trend continues 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 bullish on the daily chart. The increase in buyers on the sponge market is advantageous to the bulls. As the bulls gather strength, the price climbs more quickly. Due to the availability of fresh investors, the price is now hovering at $0.000092. When the sponge is priced at $0.000092, it effectively draws in more customers. Sponge’s price will shortly surpass $0.000224 once enough investor funds have accumulated. Profits will be generated by seizing the approaching SPONGEUSDT market recovery.
The bulls are poised to get further momentum as the price is about to surpass the $0.000224 level. The Bulls are still in the lead, as indicated by the 9 and 21-period moving averages. Sponge will increase to the $0.000322 and $0.00042 barrier levels as the rising trend continues after breaking through the $0.000224 resistance level.
SPONGEUSDT medium-term Trend: Bullish
The medium-term perspective shows that SPONGEUSDT is now growing. Price initially encountered the resistance of $0.00098. The price trend changed downward to the $0.000224 level as the price approached the $0.00038 barrier level. The cost was reduced in order to draw in more customers. More people are purchasing the coin as a result of the decrease in price from its prior support level of $0.00024. When the price of the sponge crosses the two dynamic resistance levels, a move to the north is about to take place.
The rising demand for sponge will result in higher prices. When the signal lines reach the level of 47, the relative strength index period 14 will suggest making a purchase.
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— $SPONGE (@spongeoneth) July 16, 2023
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