Sponge Price Might Reach High Resistance Level of $0.000330

Sponge Market attracts more investors

SPONGE Price Analysis – 02 November

The price will rise to $0.000330 and $0.000402 if the resistance level at $0.000196 is breached. The price may drop to $0.000087 and $0.000004 support levels if the $0.000196 level holds and the $0.000136 level allows.

SPONGEUSDT Market

Key Levels:

Resistance levels: $0.000196, $0.000330, $0.000402

Support levels: $0.000136, $0.000087, $0.000004

SPONGEUSDT Long-term Trend: Bullish

On August 7, after stabilizing for a few days, Sponge started to increase. When the extended daily bullish candle emerges and breaches the $0.000136 resistance level, this becomes clear. With additional bullish candles emerging, the price is getting closer to the $0.000196 price level.  Sponge is rising higher today and is approaching the $0.000196 barrier level, where a strong daily bullish candle is building.

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. The price will rise to $0.000330 and $0.000402 if the resistance level at $0.000196 is breached. The price may drop to $0.000087 and $0.000004 support levels if the $0.000196 level holds and the $0.000136 level allows. Meanwhile, the relative strength index period 14 at 67 levels provides a bullish indication.

SPONGEUSDT Medium-term Trend: Bullish

The sustained demands of Sponge’s customer base may account for the company’s remarkable medium-term performance. Put another way, price actions have been upward since the $0.000087 price level was tested. As of right now, the market is rising, and it might stay that way until the bulls construct a significant barrier or the $0.000196 resistance level holds.

The upward advance could aim to test the significant resistance of $0.000196 and $0.000330. With one more push from the bulls, the coin might reach the high resistance level of $0.000330. The rising signal line and the RSI (14) entering the 64 levels indicate a buy signal.

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