SPONGEUSDT Price: Buyers Persisted in Pushing Market Higher

SPONGEUSDT will break up $0.000136 level

SPONGEUSDT Price Analysis – 03 October

If Coin is able to overcome the resistance at $0.000136, Sponge’s further upward targets at $0.000196 and $0.000330 are anticipated to be realized as the market advances. The price may drop below the support level of $0.000081 if the bears are successful in holding the resistance level of $0.000136.

Key Levels:

Supply level: $0.000136, $0.000196, $0.000330

Demand level: $0.000081, $0.000004, $0.000006

SPONGEUSDT Long-term Trend: Bullish

Over the long term, the outlook for SPONGEUSDT is positive. To entice more clients, Sponge’s price was lowered. When Sponge’s price dropped to $0.000081 a few weeks ago, it found support. However, during the prior month, sellers persisted in pushing the SPONGEUSDT market lower. The coin’s value recently exceeded $0.000136. The daily candles started to move more in favor of the bulls than the bears, indicating that the level of $0.000136 would be breached. Today, the price skyrockets to $0.000136.

According to the increasing crossover of the sponge on the two EMAs, the bullish trend is intensifying. The 9-period EMA and the 21-period EMA are both approaching. If Sponge is able to overcome the resistance at $0.000136, Sponge’s further upward targets at $0.000196 and $0.000330 are anticipated to be realized as the market advances. The price may drop below the support level of $0.000081 if the bears are successful in holding the resistance level of $0.000136.

SPONGEUSDT Medium-term Trend: Bullish

SPONGEUSDT seems to have a bright future in the approaching months. Bulls are starting to reappear, and the market is rapidly climbing. A few weeks ago, when the $0.000136 resistance level was broken, buying beat selling. As long as the bulls’ momentum continues, the price rebounds to the previous high level.

Price is above the exponential moving averages of 9 and 21 periods, respectively. Buying is suggested since the signal line is pointing up and the Relative Strength Index period 14 is at 58 levels.

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— $SPONGE (@spongeoneth) October 3, 2023

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