Sponge (SPONGEUSDT) Price: Bullish Momentum Will Pick Up Above $0.000402 Level

Bulls are dominating Sponge market

SPONGEUSDT Price Analysis – 04 January

Bullish momentum will accelerate and challenge the barrier levels at $0.000402 and $0.000502 if Sponge breaks over $0.000330. Furthermore, a stronger bullish increase might drive the price above the $0.000402 mark.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000402, $0.000502, $0.000612

Support levels: $0.000330, $0.000262, $0.000196

SPONGEUSDT Long-term Trend: Bullish

Positive signals for the future are currently seen on the daily SPONGEUSDT chart.  Sponge market is probably headed back below its three-day low of $0.000136, given the downward trend. People can now gamble on businesses and on themselves thanks to this. Sponge will eventually rise back to its previous top due to positive pressure. We expect the current strong resistance levels to become support levels following a bullish breakout at the $0.000402 level. It’s still feasible to surpass the prior high of $0.000402.

The price is increasing toward $0.000402 as a result of today’s increase, suggesting that there might be a price increment. The current market price is higher than the 21- and 9-period moving averages. If the price breaks above $0.000402, bullish momentum will pick up speed and attack the resistance levels at $0.000502 and $0.000612. Moreover, a more robust bullish rise might push the price beyond $0.000402 in addition.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is up for a shorter period. The sponge’s price will go up in response to a rise in clients. On December 14, the price movement tested the $0.000330 resistance level before retreating to the $0.000136 support level. Sales fluctuated, but the $0.000136 support level didn’t. As long as bulls keep applying pressure, the market will rise and approach the $0.000402 barrier.

The relative strength index period 14 signal lines above 57 indicate a purchase signal.

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