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Sponge (SPONGEUSDT) Price Tests $0.000403 Resistance Level

Johnathon Fox
12/12/2023 | UPDATED ON: 12/12/2023

Sponge price is increasing daily

SPONGEUSDT Price Analysis – 12 December

If the bulls keep up their strength, price might move over $0.000403, and the resistance levels of $0.000502 and $0.000604 will be tested. When the price breaks down the $0.000330 support level, price may decrease to $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

The daily SPONGEUSDT chart is bullish. The coin currently only costs $0.000352. Last week, to provide investors with additional options and to enable a greater number of people to purchase sponges, prices range from $0.000196 to $0.000262. The good trend that commences to impact the SPONGEUSDT market will be in place for the advantage of all investors. If there is a bullish breakout at the $0.000403 level, the present strong resistance levels will turn into support levels very fast.

Sponge (SPONGEUSDT) Price Tests $0.000403 Resistance Level

Price is currently above the 9- and 21-period moving averages; if the bulls keep up their strength, the price might move over $0.000403, and the resistance levels of $0.000502 and $0.000604 will be tested. When the price breaks down the $0.000330 support level, the price may decrease to $0.000262 and $0.000196 levels.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is the best choice for shorter time horizons. On November 18, the price movement struck the $0.00098 resistance level, then turned around and hit the $0.000196 support level. There are now more purchasers in the market as a result of its ability to breach the $0.000196 resistance level. The price of the sponge increased as demand increased. These days, Sponge Market is ruled by buyers.

Sponge (SPONGEUSDT) Price Tests $0.000403 Resistance Level

The price is lowered to entice more consumers to the market. The relative strength index period 14 is displaying a buy signal with the signal lines at 55.

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— $SPONGE (@spongeoneth) November 7, 2023

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

View all posts by Johnathon Fox →
Previous Post: « Tamadoge (TAMA/USD) Price Goes Under, Building a Spike Index
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