Sponge Price: Bullish Candle Is Emerging Over $0.000196 Barrier Level

Buyers are in control of Sponge market

SPONGE Price Analysis – 24 November

Sponge will rise to $0.000402 and $0.000502 if the resistance level at $0.000330 is breached. The price may decline to the support levels of $0.000136 and $0.000087 if the $0.000330 level holds and the $0.000196 level allows it.

SPONGEUSDT Market

Key Levels:

Resistance levels: $0.000330, $0.000402, $0.000502

Support levels: $0.000196, $0.000136, $0.000087

SPONGEUSDT Long-term Trend: Bullish

On August 7, after a little while of movement, Sponge started to ascend. When the extended daily bullish candle emerges and breaches the $0.000136 resistance level, this becomes clear. More bullish candles are beginning to emerge, and the price is surpassing the price barrier of $0.000196. Sponge is climbing right now, and a strong daily bullish candle is emerging over the $0.000196 barrier level.

The daily chart shows that buyers are in control of the market. A bullish trend has begun as the price has broken above the 9- and 21-period moving averages (EMAs), with the former above the latter. Sponge will rise to $0.000402 and $0.000502 if the resistance level at $0.000330 is breached. The price may decline to the support levels of $0.000136 and $0.000087 if the $0.000330 level holds and the $0.000196 level allows it. Meanwhile, the relative strength index period 14 at 53 levels provides a bullish indication.

SPONGEUSDT Medium-term Trend: Bullish

Sponge’s exceptional medium-term performance could be attributed to its devoted clientele. Put another way, price actions have been higher since the $0.000136 price level was broken. From this point on, the market can rise until the bulls construct a solid barrier or the $0.000330 resistance level holds.

The growing surge can test the important resistance levels of $0.000330 and $0.000402. The crypto might hit the $0.000502 high resistance level with one more push from the bulls. A purchase signal is shown by the rising signal line and the RSI (14) getting closer to the 45 levels.

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