The next upward targets for the Sponge is $0.000136
The price will shortly rise back to its previous peak
If the Sponge is successful in breaking over the $0.000136 level of resistance, the next upward targets for the Sponge are the $0.000196 and $0.000330 levels, which are anticipated to appear following the market downturn.
Key Levels:
Supply level: $0.000136, $0.000196, $0.000330
Demand level: $0.000087, $0.000004, $0.000006
SPONGEUSDT Long-term Trend: Bullish
On the long term, the SPONGEUSDT is bullish. The price of the cryptocurrency found support at $0.000087 over the previous two weeks, and this week, sellers are still driving the SPONGEUSDT market lower. The coin’s value surpassed $0.000136 a few weeks ago. More bullish than bearish daily candles were formed, and the level of $0.000196 was going to be breached. The price tested the $0.000196 ceiling on August 8 before falling. Sponge will shortly rise back to its previous peak.
The two EMAs and the coming upward crossover of the sponge indicate that the bullish trend is gaining momentum. Also approaching the 21-period milestone is the 9-period EMA. If the Sponge is successful in breaking over the $0.000136 level of resistance, the next upward targets for the Sponge are the $0.000196 and $0.000330 levels, which are anticipated to appear following the market downturn. The price may drop below the support levels of $0.000067 if the bears are successful in holding the resistance level of $0.000136. A purchase signal is being given at level 42 by the relative strength index period 14 signal lines, which are pointing up.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT is bullish on the medium-term outlook. After the resistance level of $0.000136 was broken on August 8 throughout the preceding four weeks, buyers prevailed over sellers. The criteria for price hike was $0.000196 of objection. As long as the level holds, the price returns to the previous level. Given that bulls are starting to emerge again, the market may surge even further.
The price is situated in the area between the separated 21- and 9-period EMAs. Buying is suggested as the signal line is trending higher and the Relative Strength Index period 14 is at 28 levels.
The typical day of a covert cryptocurrency trader
🌟 A day in the life of a secret #Crypto trader 🚀🤣 pic.twitter.com/fUGf3pKelo
— $SPONGE (@spongeoneth) September 5, 2023
Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!
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