Sponge (SPONGEUSDT) Is Moving Toward $0.000403 Resistance Level

Sponge might keep increasing

SPONGEUSDT Price Analysis – 13 December

SPONGE might be able to break over the resistance level at $0.000403 and begin an attack at the $0.000502 and $0.000604 levels if the Bulls keep up their enthusiasm.

Key Levels:

Resistance levels: $0.000403, $0.000502, $0.000604

Support levels: $0.000330, $0.000262, $0.000196

SPONGEUSDT Medium-term Trend: Bullish

In terms of the long-term perspective, SPONGEUSDT is positive. In the sponge market, there was a good spark. Since December 6th, the cryptocurrency’s price has been rising. Eventually, the demand for the coin fell to $0.000196. The price was retraced to test the broken resistance level of $0.000262. Since the price had now surpassed the confluence at the predetermined level, further price growth was now allowed. With the bulls back in the picture, the price is moving toward the $0.000403 resistance level.

The bullish momentum is getting stronger as evidenced by the exponential moving averages (EMAs) with periods of nine and twenty-one currently being below SPONGE. At 48 levels, the relative strength index period 14 is pointing north, indicating a buy signal. SPONGE might be able to break over the resistance level at $0.000403 and begin an attack at the $0.000502 and $0.000604 levels if the Bulls keep up their enthusiasm.

SPONGEUSDT Short-term Trend: Bullish

SPONGE is optimistic in the near term. For this week, Sponge has been getting ready. The bearish impetus on the sponge market disappeared right after the consolidation action. With the bulls’ incredible momentum, it will break out to the north. The coin’s value rose as a result of growing consumer demand, demonstrating an upward trend.

Sponge prices are rising right now, staying above the 21- and 9-day moving averages.  Given that the Relative Strength Index period 14 is rising and is currently around 41 levels, Sponge may continue to buy.

The release of the $SPONGE Airdrop is almost here!

🔥 3 Days to Go, #SPONGERS! 🔥

The $SPONGE Airdrop distribution is just around the corner! 🧽💦

Set your reminders for November 7th!#SpongeAirdrop #Crypto #Airdrop pic.twitter.com/ID3odQNVgU

— $SPONGE (@spongeoneth) November 4, 2023

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