SPONGEUSDT Price: Bullish Trend Will Soon Be Accelerated

Bulls are defending $0.000087 level

SPONGEUSDT Price Analysis – 20 September

The $0.000196 and $0.000330 levels, which are projected to appear after the market slump, are the Sponge’s next upward goals, presuming it is successful in breaking above the $0.000136 level of resistance

Key Levels:

Supply level: $0.000136, $0.000196, $0.000330

Demand level: $0.000087, $0.000004, $0.000006

SPONGEUSDT Long-term Trend: Bullish

The long-term prospects for the SPONGEUSDT are promising. Sponge’s price found support a few weeks ago when it fell to $0.000087. However, sellers continued to drive the SPONGEUSDT market lower during the past month. Recently, the coin’s value exceeded $0.000136. More bullish than bearish daily candles were beginning to appear, and the level of $0.000136 was about to be crossed. On September 6, the cost briefly rose and peaked at $0.000196 before falling. The price will shortly return to its prior peak.

The bullish trend is accelerating, according to the rising crossover of the sponge and the two EMAs. Additionally approaching are the 9-period EMA and the 21-period EMA. The $0.000196 and $0.000330 levels, which are projected to appear after the market slump, are Sponge’s next upward goals, presuming it is successful in breaking above the $0.000136 level of resistance. If the bears are successful in holding the resistance level of $0.000136, Spomge may go below the support levels of $0.000067. The relative strength index period 14 signal lines are trending upwards at level 40, signaling a buy..

SPONGEUSDT Medium-term Trend: Bullish

The forecast for SPONGEUSDT is promising during the next few months. Bulls are beginning to reappear, and the market is rising fast. Buyers outnumbered sellers in the four weeks before August 8th, when the resistance level of $0.000136 was broken. As long as the bulls maintain their momentum, the price will rise to its previous high.

Price is above the 9- and 21-period exponential moving averages, respectively. Relative Strength Index period 14 is at 30 levels, the signal line is pointing up, and buying is advised.

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