The sponge market dominates by buyers
SPONGEUSDT Price Analysis – 16 October
The Sponge’s future upward goals of $0.000196 and $0.000330 are anticipated to be reached if the market moves higher if Coin is able to get above the resistance at $0.000136. If the bears are successful in holding the resistance level of $0.000136, the price may go 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 long-term outlook for SPONGEUSDT is encouraging. Sponge’s price was lowered 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. Sponge is currently more expensive than $0.000136. Indicating that the level of $0.000136 will be broken, the daily candles started to trend more bullishly than bearishly. The price could jump to $0.000136 at this moment.
The bullish trend is becoming more intense, as evidenced by the sponge’s expanding crossover with the two EMAs. Both the 21-period EMA and the 9-period EMA are getting close. The Sponge’s future upward goals of $0.000196 and $0.000330 are anticipated to be reached if the market moves higher if Coin is able to get above the resistance at $0.000136. If the bears are successful in holding the resistance level of $0.000136, the price may go below the support levels of $0.000087.
SPONGEUSDT Medium-term Trend: Bullish
In the upcoming months, SPONGEUSDT appears to have a promising future. The market is increasing quickly, so bulls are starting to return. When the $0.000136 resistance level was breached a few weeks ago, buying prevailed over selling. 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. Relative Strength Index period 14 is at 65 levels, the signal line is pointing up, and buying is advised.
When you are around individuals who do not possess any $SPONGE
When you're around people who don't own any $SPONGE 🧽#Sponge #Crypto #Alts #Airdrop pic.twitter.com/6l4xf00Rzl
— $SPONGE (@spongeoneth) October 16, 2023
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