SPONGEUSDT Price: Bulls are Dominating Over Bears, Targeting $0.000335 Level  

Bullish momentum increases

SPONGEUSDT Price Analysis – November 27

A Further increase in the bulls’ pressure will increase the price to break up the resistance level of $0.000330 which may expose the price to $0.000402 and $0.000502 price levels. In case the resistance level of $0.000330 holds, the price may decrease toward the support level at $0.000196, $0.000269, and $0.000136.

Key Levels:

Resistance levels: $0.000330, $0.000402, $0.000502

Support levels: $0.000196, $0.000169, $0.000136

SPONGEUSDT Long-term Trend: Bullish

On the daily chart, SPONGEUSDT is bullish. Last week, the coin was on the retracement in the daily chart. The resistance level at $0.000402 holds and the bullish momentum is not enough to push the price above it. The support level at $0.000136 was retested. On November 21, the bulls increased their momentum and pushed up the price above the resistance level of $0.000196 and it is trying to break up the $0.000330 resistance level.

The two EMAs are bending up to follow the direction of the price. The crypto continues its trading above the 9-period EMA and the 21-period EMA which indicates bullish momentum. A further increase in the bulls’ pressure will increase the price to break up the resistance level of $0.000330 which may expose the price to $0.000402 and $0.000502 price levels. In case the resistance level of $0.000330 holds, the price may decrease toward the support level at $0.000196, $0.000269, and $0.000136.

SPONGEUSDT Medium-term Trend: Bullish

SPONGEUSDT is on the bullish movement on the medium-term outlook. The bulls eventually dominate the SPONGEUSDT market. The momentum of the bulls increases and the price inclines to break up the resistance level at $0.000196. The price is increasing towards the resistance level of $0.000330.

The price is trading above the 9 periods EMA and 21 periods EMA which indicates that bulls are in control of the market. The relative strength index period 14 is at 52 levels displaying a bullish signal.

Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!