Next upward goals for the Sponge is $0.000196
SPONGEUSDT Price Analysis – 12 September
The $0.000196 and $0.000330 levels, which are expected to appear after the market decline, are the next upward goals for the Sponge if it is successful in breaking over 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
On the long term, the SPONGEUSDT is bullish. The bulls held the level when Sponge’s price touched $0.000087 a few weeks ago. But purchasers continued to push the SPONGEUSDT market higher last week. Recently, the coin’s value exceeded $0.000136. Daily candles were beginning to develop that were more bullish than bearish, and the level of $0.000196 was about to be crossed. On September 6, the price briefly rose to a high of $0.000196 before dropping. The price will return to its previous peak fast.
The bullish trend is accelerating, according to the rising crossover of the sponge and the two EMAs. The 9-period EMA’s 21-period milestone is also getting closer. The $0.000196 and $0.000330 levels, which are expected to appear after the market decline, are the next upward goals for the Sponge if it is successful in breaking over the $0.000136 level of resistance. If the bears are successful in holding the resistance level of $0.000136, the price may go below the support level of $0.000067. The relative strength index period 14 signal lines, which are pointing upward, are providing a buy signal at level 51.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT is bullish on the medium-term outlook. Buyers outnumbered sellers at the moment. When the resistance level of $0.000136 was breached. A $0.000196 protest was required to stop a price drop. The price returns to the former level as long as the level remains. The return of bulls means that the market could rise dramatically.
The price is above the distinct exponential moving averages of 21 and 9 periods. Buying is suggested since the signal line is pointing upward and the Relative Strength Index period 14 is at 51 levels.
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— $SPONGE (@spongeoneth) September 12, 2023
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