Buyers continue to drive SPONGEUSDT market higher
SPONGEUSDT Price Analysis – 02 October
If SPONGEUSDT is successful in breaking above the $0.000136 level of resistance, Sponge’s future upward goals at the $0.000196 and $0.000330 levels are expected to materialize as the market rises. If the bears are successful in holding the resistance level of $0.000136, the price may decline below the support levels of $0.000087
Key Levels:
Supply level: $0.000136, $0.000196, $0.000330
Demand level: $0.000087, $0.000004, $0.000006
SPONGEUSDT Long-term Trend: Bullish
The forecast for SPONGEUSDT over the long haul is favorable. Sponge’s price was reduced in order to draw in more customers. Sponge found support a few weeks ago when its price fell to $0.000087. However, sellers continued to drive the SPONGEUSDT market lower during the previous month. Recently, the coin’s value exceeded $0.000136. Indicating that the level of $0.000136 would be broken, the daily candles began to trend more bullishly than bearishly. Today, the price soars towards $0.000136 level.
The bullish trend is accelerating, according to the rising crossover of the sponge on the two EMAs. Both the 21-period EMA and the 9-period EMA are getting close. If Sponge is successful in breaking above the $0.000136 level of resistance, Sponge’s future upward goals at the $0.000196 and $0.000330 levels are expected to materialize as the market rises. If the bears are successful in holding the resistance level of $0.000136, the price may decline below the support levels of $0.000087.
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 9- and 21-period exponential moving averages, respectively. The signal line is pointing up, the Relative Strength Index period 14 is at 54 levels, and purchasing is advised.
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