Sponge (SPONGEUSDT) Price: Upward Trend Will Accelerate Price Toward $0.00065 Level

On the daily chart SPONGEUSDT price is in the green

SPONGEUSDT Price Analysis – 11 July

The upward trend will accelerate and move toward the $0.00065 and $0.00087 barrier levels following a Sponge break above the $0.00038 resistance level.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00038, $0.00065, $0.00087

Support levels: $0.000092, $0.00004, $0.00002

SPONGEUSDT Long-term Trend: Bullish

SPONGEUSDT price is in the green on the daily chart. Yesterday, the sponge’s value dropped below $0.000092 in an effort to entice additional buyers. This took only a few hours to finish before it was reset to its original level. The current price range for sponges is $0.00038 to $0.00092. This might continue until sufficient resources are acquired. It just costs $0.000092 at the moment. The bullish trend that will most likely start impacting the SPONGEUSDT market will be advantageous to all investors. The current strong resistance levels will quickly change into support levels if a bullish breakout occurs at the $0.00038 level.

The 9-period and 21-period moving averages are anticipated to be surpassed by the price. The price could go higher than $0.00087 if the bulls maintain their pace. The upward trend will accelerate and move toward the $0.00065 and $0.00087 barrier levels following a price break above the $0.00038 resistance level.

SPONGEUSDT medium-term Trend: Bullish

The greatest option for shorter time spans is SPONGEUSDT. On May 7, the price movement reached the $0.00098 resistance level before reversing course and hitting the $0.00038 support level. More people are buying the coin because it can’t hold the $0.00038 support level. Costs for sponges will rise as demand does. The cost is decreased to entice more buyers.

With the signal lines at 41, the relative strength index period 14 is showing a buy signal.

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— $SPONGE (@spongeoneth) July 3, 2023

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