Sponge (SPONGEUSDT) Sells More When Price Is at $0.00038 or Less

Azeez Mustapha


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SPONGEUSDT Price Analysis –18 June

Sponge will rise to the $0.00065 and $0.00087 barrier levels as the upward trend gathers steam after breaking through the $0.00038 resistance level. When Sponge is priced at $0.00038 or less, it sells more effectively.


Key levels:

Resistance levels: $0.00038, $0.00065, $0.00087

Support levels: $0.000092, $0.00004, $0.00002

SPONGEUSDT Long-term Trend: Bullish

On the daily chart, the price of SPONGEUSDT is in the green. Bulls are picking up steam, and a Sponge upsurge is imminent. The price is currently $0.00038 because there are still openings for new investors. More buyers are entering the market, which is helping the bulls advance. Once sufficient investor assets have accumulated, the price of the sponge will shortly depart the range zone. Those who profit from the impending SPONGEUSDT market revival will be successful.  When the sponge is priced at $0.00038 or less, it sells more effectively.

The price may increase beyond $0.00087 as bulls get ready to gain more momentum. Bulls are not in the back, according to the 9- and 21-period moving averages. The price will rise to the $0.00065 and $0.00087 barrier levels as the upward trend gathers steam after breaking through the $0.00038 resistance level.

SPONGEUSDT medium-term Trend: Bullish

In terms of the medium-term trend, SPONGEUSDT is bullish. Sponge price is currently rising over the two dynamic resistance levels, signaling the imminence of a move to the north. The cost was reduced in order to draw in more customers. The price movement first ran against the $0.00098 resistance level barrier. The price trend changed as it got closer to the $0.00038 barrier level. More people are purchasing the coin as a result of the last support level of $0.00038 failing to hold.

Prices for Sponge will rise as demand rises. With the signal lines at 58, the relative strength index period 14 will provide a buy signal.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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