SPONGEUSDT Price Is Able to Overcome $0.000136 Barrier Level

Buyers are determined to drive SPONGEUSDT  higher

SPONGEUSDT Price Analysis – 06 October

If Sponge can 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 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

Over the long term, the outlook for SPONGEUSDT is positive. Buyers persisted in pushing the SPONGEUSDT market higher.  Sponge’s price was lowered to entice more clients. When Sponge’s price dropped to $0.000087 a few weeks ago, it found support. 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 toward $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 can 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 $0.000087 if the bears are successful in holding the resistance level of $0.000136.

SPONGEUSDT Medium-term Trend: Bullish

Over the upcoming months, SPONGEUSDT appears to have a promising future. Bulls are beginning to emerge once more, and the market is rising quickly. When the $0.000136 resistance level was breached a few weeks ago, buying outpaced sellers. The price returns to the prior high level as long as the bulls’ impetus persists.

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 56 levels.

Trade $SPONGE right now on @Uniswap!

🧽 Trade $SPONGE on @Uniswap today! 🔄🚀

🔗https://t.co/bAQyuWo66w pic.twitter.com/iBxyXmFtCu

— $SPONGE (@spongeoneth) October 6, 2023

Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!