SPONGEUSDT Price Will Soon Reach Its Previous High

Buyers are preparing to take over

SPONGEUSDT Price Analysis – 25 September

The Sponge’s next upward targets, assuming it is successful in breaking above the $0.000136 level of resistance, are anticipated to materialize following the market fall at the $0.000196 and $0.000330 levels.

Key Levels:

Supply level: $0.000136, $0.000196, $0.000330

Demand level: $0.000087, $0.000004, $0.000006

SPONGEUSDT Long-term Trend: Bullish

SPONGEUSDT has bright long-term prospects. When Sponge’s price dropped to $0.000087 a few weeks ago, it found support. But over the previous month, sellers kept pushing the SPONGEUSDT market lower. The coin’s value recently exceeded $0.000136. Daily candles were starting to turn more bullish than bearish, and the level of $0.000136 was set to be broken. On September 6, the price increased momentarily and reached a high of $0.000196 before dropping. Soon, the price will reach 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

assuming it is successful in breaking above the $0.000136 level of resistance, are anticipated to materialize following the market fall at the $0.000196 and $0.000330 levels. The price may drop below the support level of $0.000087 if the bears are successful in holding the resistance level of $0.000136. The upward ascending level 41 relative strength index period 14 signal lines indicate a purchase.

SPONGEUSDT Medium-term Trend: Bullish

The outlook for SPONGEUSDT over the upcoming few months is positive. The market is rapidly climbing, and bulls are starting to resurface. 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. Given that the Relative Strength Index period 14 is at 42 levels and the signal line is pointing upward, buying is encouraged.

Be sure to participate and take advantage of the moment while you can!

Catch the wave of the $SPONGE #Airdrop Season 1, ending in November! 📆🧽

Make sure you get in on the action and enjoy while you still can! 🎁💰

Stay tuned for more exciting updates! 📢🧽https://t.co/lzRhjW4oLL pic.twitter.com/DlyMDOaI01

— $SPONGE (@spongeoneth) September 25, 2023

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