Sponge (SPONGEUSDT) Price: Buyers’ Momentum Increases

An increase in Sponge price is imminent

SPONGEUSDT Price Analysis – 12 June

If the bulls continue their current pace, the price might rise beyond $0.00087. Following a price break above the $0.00038 resistance level and prior to the $0.00065 and $0.00087 barrier levels, the upward trend will quicken

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00038, $0.00065, $0.00087

Support levels: $0.000092, $0.00004, $0.00002

SPONGEUSDT Long-term Trend: Bullish

On the daily chart, SPONGEUSDT is bullish. The price of the coin is currently $0.00038. Prices range from $0.00038 to $0.00092 to provide investors more choices and let a lot of people acquire sponge. The upward trend, which will soon start to impact the SPONGEUSDT market, will be advantageous to all investors. If there is a bullish breakout at the $0.00038 level, the current strong resistance levels will swiftly turn into support levels.

The price is above both the 9-period and 21-period moving averages today. If the bulls continue their current pace, the price might rise beyond $0.00087. Following a price break above the $0.00038 resistance level and prior to the $0.00065 and $0.00087 barrier levels, the upward trend will quicken.

SPONGEUSDT medium-term Trend: Bullish

The best choice for shorter time periods is SPONGEUSDT. On May 7, the price movement first encountered the $0.00098 resistance level before reversing direction and striking the $0.00038 support level. As a result of the coin’s inability to maintain the support level of $0.00038, more individuals are investing in it. The price of the sponge will increase as demand grows. Sponge Market is now ruled by consumers.

To encourage more customers to the market, the price is reduced. With the signal lines at 45, the relative strength index period 14 is showing a buy signal.

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— $SPONGE (@spongeoneth) June 13, 2023

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