Sponge Price Is Increasing Daily

More investors join Sponge market

SPONGE Price Analysis – 06 November

If the resistance level at $0.000196 is broken, the price will increase to $0.000330 and $0.000402. If the $0.000196 level holds and the $0.000136 level permits, the price might fall to the $0.000087 and $0.000004 support levels

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

After stabilizing for a few days, Sponge began to rise on August 7. This is evident when the prolonged daily bullish candle appears and breaks through the $0.000136 resistance level. The price is approaching the $0.000196 price level as more bullish candles emerge.  A powerful daily bullish candle is forming at the $0.000196 barrier level, which is where the sponge is rising higher today.

The daily chart indicates that the market is dominated by buyers. The price has broken above the 9- and 21-period moving averages (EMAs), with the former above the latter, indicating the start of a bullish trend. If the resistance level at $0.000196 is broken, the price will increase to $0.000330 and $0.000402. If the $0.000196 level holds and the $0.000136 level permits, the price might fall to the $0.000087 and $0.000004 support levels. In the meantime, a bullish indicator is given by the relative strength index period 14 at 45 levels.

SPONGEUSDT Medium-term Trend: Bullish

The company’s outstanding medium-term performance may be explained by the enduring demands of Sponge’s customer base. Stated differently, since the $0.000087 price level was tested, price actions have been upward. The market is increasing as of right now, and it may continue to rise until the bulls build a sizable barrier or the $0.000196 resistance level holds.

Testing the significant resistance of $0.000196 and $0.000330 could be the goal of the upward advance. The coin may hit the $0.000330 high resistance level with one more push from the bulls. A purchase signal is shown by the rising signal line and the RSI (14) reaching the 28 levels.

Is there love in your life?

Can you feel the love? 🧽🧽🧽🧽🧽#SPONGE #Web3 #Crypto #Altcoins pic.twitter.com/VEDDwdSDbw

— $SPONGE (@spongeoneth) November 6, 2023

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