Sponge is Accumulating Assets
SPONGEUSDT Price Analysis – 29 September
The Sponge’s subsequent upward targets are anticipated to materialize following the market ascent at the $0.000196 and $0.000330 levels, if Coin is successful in breaching 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 long-term outlook for SPONGEUSDT is positive. The price of Sponge is lowered to attract more buyers. 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. The coin’s value recently exceeded $0.000136. The daily candles started to trend more bullishly than bearishly, indicating that the level of $0.000136 was going to be broken. The price rose to a height of $0.000196 on September 6 before dropping. In a short time, the price will top its previous high.
The rising crossover of the sponge and the two EMAs indicates that the bullish trend is intensifying. The 9-period EMA and the 21-period EMA are both approaching. The Sponge’s subsequent upward targets are anticipated to materialize following the market ascent at the $0.000196 and $0.000330 levels, if Coin is successful in breaching above the $0.000136 level of resistance. 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
The future of SPONGEUSDT looks bright over the coming few months. Bulls are starting to reappear, and the market is climbing swiftly. A few weeks ago, when the resistance level of $0.000136 was broken, buyers outnumbered 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 Relative Strength Index period 14 is at 11 levels, the signal line is pointing up, and buying is encouraged.
Stop waiting and begin investing right away!
Attention all #SPONGE enthusiasts! 🧽🌊
Embark on your trading journey with $SPONGE on @Poloniex now and soak up all the dampness! 🌟🚀
Don't wait any longer, start trading today! 🌊💼https://t.co/PNn3dHQK8n pic.twitter.com/0mRrlmkUlA
— $SPONGE (@spongeoneth) September 28, 2023
Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!
Leave a Reply