Buyers rule sponge market
SPONGEUSDT Price Analysis – 19 December
If the bulls keep up their pace, it may cross over $0.000403, testing the resistance levels of $0.000502 and $0.000604. If the price falls below the $0.000330 support level, it can move down to the $0.000262 and $0.000196 levels
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000403, $0.000502, $0.000604
Support levels: $0.000330, $0.000262, $0.000196
SPONGEUSDT Long-term Trend: Bullish
On the daily chart, SPONGEUSDT is bullish. The coin currently only costs $0.000330. Prices ranged from $0.000196 to $0.000262 last week, providing investors with more options and increasing the accessibility of sponge to a wider audience. The good trend that begins to impact the SPONGEUSDT market will benefit all investors. The present strong resistance levels will turn into support levels very fast if there is a bullish breakthrough at the $0.000403 level.
Pricing is now above the 9- and 21-period moving averages, and if the bulls keep up their pace, it may cross over $0.000403, testing the resistance levels of $0.000502 and $0.000604. If the price falls below the $0.000330 support level, it can move down to the $0.000262 and $0.000196 levels.
SPONGEUSDT medium-term Trend: Bullish
The best choice for shorter time horizons is SPONGEUSDT. After reaching the $0.00098 resistance level, the price action on November 18 reversed direction and touched the $0.000196 support level. Because the market was able to overcome the $0.000196 resistance level, there are currently more buyers in the market. The price of the sponge increased in proportion to the degree of demand. These days, buyers rule the sponge market.
Now as more people are drawn to the market, prices are rising. The relative strength index period 14 is displaying a buy signal, with the signal lines at 53.
https://twitter.com/spongeoneth/status/1736710430888739065
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