Sponge (SPONGEUSDT) Price Is Rising as Investor Assets Accumulate

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Buyers are increasing in the SPONGEUSDT market

SPONGEUSDT Price Analysis –12 July

As the upward trend picks up speed after breaking through the $0.000224 resistance level, Sponge will rise to the $0.000322 and $0.00042 barrier levels.

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. When the sponge is offered for sale at $0.000092, it sells more successfully.   The bulls are being helped by an uptick in purchasers on the sponge market. The price rises faster as the bulls gain momentum. The price is currently $0.000092 because there are still openings for new investors. When sufficient investor assets have accumulated, the price of the sponge will rise above the range zone very quickly. Profits will be made by taking advantage of the impending SPONGEUSDT market. recovery.

Sponge will soon exceed $0.000224 as bulls get ready to gain more traction. The 9 and 21-period moving averages show that the bulls are still in the lead. As the upward trend picks up speed after breaking through the $0.000224 resistance level, the price will rise to the $0.000322 and $0.00042 barrier levels.

SPONGEUSDT medium-term Trend: Bullish

The medium-term outlook shows that SPONGEUSDT is now experiencing growth. To entice more clients, the price was lowered. Price ran into resistance at $0.00098 at first. As the price got closer to the $0.00038 barrier level, the price trend shifted downward to the $0.000224 level. Because the price of the coin has dropped from its previous support level of $0.00024, more individuals are buying it. A move to the north is about to occur when the price of the sponge crosses the two dynamic resistance levels.

Prices for sponge will increase along with demand. The relative strength index period 14 will advise making a purchase when the signal lines hit 37.

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— $SPONGE (@spongeoneth) July 11, 2023

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