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Buyers are trying to dominate in Sponge market
SPONGEUSDT Price Analysis – 25 September
Sponge will increase and surpass the $0.000136, $0.000196, and $0.000330 resistance levels as long as the bulls can hold onto the $0.000087 support level. If the bears breach the $0.000087 support, they may go on to the $0.000006 and $0.000004 levels.
Key Levels:
Supply level: $0.000136, $0.000196, $0.000330
Demand level: $0.000087, $0.000006, $0.000004
SPONGEUSDT Medium-term Trend: Bullish
The need to shop grows stronger every day. As additional bullish candles appear, the sponge will probably increase higher and maybe cross the $0.000196 threshold. The current expansion of bull power is driving up prices. The bearish trend forced the price to challenge the $0.000087 support level on July 27. It retreated to keep the appropriate amount of support. Increased selling pressure caused the price to decline the next day, reaching a low of $0.000087. On September 6, the cost surged beyond $0.000136. It withdrew as a result of sellers’ pressure.
The sponge market is currently being led by bulls, and sponge will soon begin trading above both the 9-period EMA and the 21-period EMA. Sponge will increase and surpass the $0.000136, $0.000196, and $0.000330 resistance levels as long as the bulls can hold onto the $0.000087 support level. If the bears breach the $0.000087 support, they may go on to the $0.000006 and $0.000004 levels.
SPONGEUSDT Medium-term Trend: Bullish
On the 4-hour chart, SPONGEUSDT’s price is increasing. As more bullish candles appear, the Coin is moving upward from its support level of $0.000087. Due to the desire of buyers in the sponge market, the resistance level of $0.000136 will be broken. The $0.000196 resistance level may be broken by increased bullish pressure.
The price is currently above both the 9-period and 21-period EMAs. A positive signal is given at level 42 by the Relative Strength Index’s 14-period signal line.
Crypto is more crucial.
#Crypto is more important…😂 pic.twitter.com/wb0oN0acic
— $SPONGE (@spongeoneth) September 25, 2023
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