SPONGEUSDT Price: Buyers Persisted in Pushing Sponge Market Higher

Buyers are increasing in Sponge market

SPONGEUSDT Price Analysis – 12 October

SPONGEUSDT is able to overcome the resistance at $0.000136, The Sponge’s subsequent upward targets of $0.000196 and $0.000330 are expected to be attained as the market continues upward. The price may drop below the support levels of $0.000087 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: $0.000087, $0.000004, $0.000006

SPONGEUSDT Long-term Trend: Bullish

Long-term predictions for SPONGEUSDT are promising. To entice more clients, Sponge’s price was reduced. When Sponge’s price dropped to $0.000087 a few weeks ago, it found support. However, during the prior month, sellers persisted in pushing the SPONGEUSDT market lower. Sponge now costs more than $0.000136. The daily candles started to trend more bullishly than bearishly, indicating that the level of $0.000136 will be broken. As of right now, the price may skyrocket to $0.000136.

The sponge’s growing crossover with the two EMAs indicates that the bullish trend is intensifying. The 9-period EMA and the 21-period EMA are both approaching. If Coin is able to overcome the resistance at $0.000136, The Sponge’s subsequent upward targets of $0.000196 and $0.000330 are expected to be attained as the market continues upward. The price may drop below the support levels of $0.000087 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 beginning to return since the market is rising swiftly. A few weeks ago, when the $0.000136 resistance level was broken, buying won out over 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. The signal line is pointing up, the Relative Strength Index period 14 is at 19 levels, and purchasing is suggested.

It’s still possible to remove the moisture.

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👉 https://t.co/lzRhjW4oLL pic.twitter.com/tYroFfpIkN

— $SPONGE (@spongeoneth) October 12, 2023

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