SPONGEUSDT Price: Next Upward Targets Is $0.000196 Level

 Sponge will quickly reach its previous peak soon

SPONGEUSDT Price Analysis – 18 September

The Sponge’s next upward targets are the $0.000196 and $0.000330 levels, which are anticipated to show up following the market downturn, assuming it is successful in breaking above the $0.000136 level of resistance

Key Levels:

Supply level: $0.000136, $0.000196, $0.000330

Demand level: $0.000087, $0.000004, $0.000006

SPONGEUSDT Long-term Trend: Bullish

The SPONGEUSDT’s long-term outlook is favorable. When Sponge’s price declined to $0.000087 a few weeks ago, it found support. However, throughout the last month, sellers kept pushing the SPONGEUSDT market lower. The coin’s value recently exceeded $0.000136. Daily candles that were more bullish than bearish were starting to form, and the level of $0.000136 was ready to be crossed. On September 6, the price increased for a brief while, peaking at $0.000196, before declining. The price will quickly reach its previous peak soon.

The rising crossover of the sponge and the two EMAs indicates that the bullish trend is intensifying. The 21-period EMA and the 9-period EMA is also approaching. The Sponge’s next upward targets are the $0.000196 and $0.000330 levels, which are anticipated to show up following the market downturn, assuming it is successful in breaking above the $0.000136 level of resistance. The price may drop below the support level of $0.000067 if the bears are successful in holding the resistance level of $0.000136. At level 47, the upward-pointing relative strength index period 14 signal lines are giving a buy signal.

SPONGEUSDT Medium-term Trend: Bullish

In the medium term, SPONGEUSDT has a positive outlook. The market is gaining sharply as bulls are starting to reappear. In the four weeks leading up to August 8th, when the resistance level of $0.000136 was broken, buyers outweighed sellers. 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 47 levels, and purchasing is suggested.

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