Bulls are gathering momentum to dominate the market
SPONGEUSDT Price Analysis – 01 January
Once Sponge clears the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels, bullish momentum will pick up speed. If the bulls exert further pressure, the price may rise above $0.00087.
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
On the daily chart, SPONGEUSDT is in green. The crypto is awaiting a bullish breakout at the $0.00038 resistance level as investors increase. The price of Sponge is maintained at $0.00038 and $0.00092 levels for a reason—to provide investors with more options. Additionally, to enable a big audience to purchase Sponge for a low cost. The price is now $0.00038 or less. They will benefit from the optimistic trend that the SPONGEUSDT market will start to experience soon.
The price is about to surpass the 9-period and 21-period moving averages. Once the price clears the $0.00038 resistance level, which is followed by the $0.00065 and $0.00087 barrier levels, bullish momentum will pick up speed. If the bulls exert further pressure, the price may rise above $0.00087.
SPONGEUSDT medium-term Trend: Bullish
SPONGEUSDT is bullish in the lower time frame. The price movement encountered the $0.00098 resistance level on May 7. It turned around and begin to fall, reaching the $0.00038 support level. The just mentioned level could not hold, then, more people are making investments in the coin.
The price of the sponge will soon increase as demand grows. To encourage more customers to the market, the price is reduced. The relative strength index period 14 with the signal lines at 38 will soon indicate buy signal.
Who already has their $SPONGE?
Who’s got their $SPONGE already?! 💰🧽✨ pic.twitter.com/9m2Hhg1aS5
— $SPONGE (@spongeoneth) May 30, 2023
Invest in the hottest and best meme coin? Buy SpongeBob ($SPONGE) today!
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