SPONGEUSDT Price: Bulls’ Motivation Grows Stronger Every Day

Buyers are determined to take over the SPONGEUSDT market

SPONGEUSDT Price Analysis – 24 August

Bulls can push the price higher after a dip, possibly reaching the $0.000196 and $0.000330 levels, by breaking past the $0.000136 resistance level. Sponge may turn around and hit the $0.000093, $0.000004, and $0.000006 support levels if the bears are successful in holding the $0.000136 level

Key Levels:

Supply level: $0.000136, $0.000196, $0.000330

Demand level: $0.000093, $0.000004, $0.000006

SPONGEUSDT Long-term Trend: Bullish

Sponge is bullish on the daily chart. The coin found support at $0.000093 on June 22. The bullish candle pattern called morning star first became visible as the price increased and approached the $0.000196 resistance line. When the price dropped, the previous, inadequate level of service was contacted. Currently, bulls are moving prices towards the north and currently defending the level of $0.000093.

Bulls can push the price higher after a dip, possibly reaching the $0.000196 and $0.000330 levels, by breaking past the $0.000136 resistance level. Sponge may turn around and hit the $0.000093, $0.000004, and $0.000006 support levels if the bears are successful in holding the $0.000136 level. Because the two dynamic levels are so near to one another, the 9-period exponential moving average is trying to cross the 21-period EMA upward to generate bullish momentum.

SPONGEUSDT Medium-term Trend: Bullish

Sponge is bullish on the 4-hour chart. The $0.000136 resistance level was tested on August 8 as a result of the bulls’ resistance to the price decrease; as a result, the price is now rising as the $0.000136 target price approaches. Sponge was pushed below the $0.000093 support level by the bears.

Strong momentum is developing as SPONGEUSDT trades above the two EMAs and attempts to cross the 21-period EMAs to the upside. The bulls’ motivation grows stronger every day. On a period 14 relative strength index that is bending upward at level 44, a buy signal can be spotted.

priorities, in the end.

Priorities after all… 🤷‍♂️💎🤣 pic.twitter.com/5HoNEgq7pt

— $SPONGE (@spongeoneth) August 15, 2023

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