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Bullish pressure increases in Sponge market
SPONGEUSDT Price Analysis – 14 September
Sponge will climb and crest the $0.000136, $0.000196, and $0.000330 resistance levels as long as the bulls are able to retain the $0.000087 support level. If the bears breach the $0.000087 support level, 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
On a daily time period, the buying vigor grows. Bulls are stronger today, and prices are rising as well. The bearish trend forced the price to challenge the $0.000087 support level on July 27. It drew back, trying to retain the proper degree of support. Sponge dropped the following day under additional seller pressure, reaching a low of $0.000087. The double bottom chart pattern was created as a result of this situation. The price shot up and over the $0.000136 threshold. It withdrew as a result of sellers’ pressure. As more bullish candles form, the sponge will undoubtedly rise even higher and may perhaps hit its all-time high of $0.000196.
The fact that the sponge is currently trading above both the 9-period EMA and the 21-period EMA serves as evidence that Bulls are currently in control of the sponge market. The price will climb and crest the $0.000136, $0.000196, and $0.000330 resistance levels as long as the bulls are able to retain the $0.000087 support level. If the bears breach the $0.000087 support level, they may go on to the $0.000006 and $0.000004 levels.
SPONGEUSDT Medium-term Trend: Bullish
On the 4-hour chart, SPONGEUSDT is advancing. As more bullish candles appear, the Coin is rising from the $0.000087 support level. Buyers’ pressure on the sponge market will cause the resistance level of $0.000136 to be broken. Rising bullish pressure may cause the price to ascend to the $0.000196 barrier level.
The sponge price is currently below both the 21- and 9-period EMAs. On the signal line for the Relative Strength Index period 14, level 54 represents a favorable signal.
Bitcoin Hodlers are similar to…
#Bitcoin #Hodlers be like…🚀🥲😂😅 pic.twitter.com/WBlz4aM7w2
— $SPONGE (@spongeoneth) September 13, 2023
Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!
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