Sponge (SPONGEUSDT) Price Will Increase as Demand Grows

Bulls’ momentum will eventually pick up

SPONGEUSDT Price Analysis – 23 June

The price may go above $0.00087 if the bulls keep moving at their current rate. The upward trend will accelerate following a price breach above the $0.000224 barrier level and the resistance level of $0.000322 and $0.000402 may be the target.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000224, $0.000322, $0.000402

Support levels: $0.000092, $0.00004, $0.00002

SPONGEUSDT Long-term Trend: Bullish

The SPONGEUSDT daily chart shows an increasing trend. The coin is waiting for a breakout at $0.000224. The coin is currently worth $0.000224. Prices range from $0.000224 to $0.000092 in order to provide investors with more options and to allow a big number of people to purchase sponge. All investors would benefit from riding the upward trend, which will soon begin to influence the SPONGEUSDT market.

The price is just barely above both the 9-period and 21-period moving averages. When the bulls continue to move at their current pace, the price could rise beyond $0.00087. Following a price breach above the $0.000224 barrier level, the rising trend will pick up steam, and the resistance levels of $0.000322 and $0.000402 may be the next stops.

SPONGEUSDT medium-term Trend: Bullish

For shorter time durations, SPONGEUSDT is the ideal option. As the coin attempts to maintain momentum above the $0.000224 resistance level, more buyers are showing interest in it. The price movement on May 7 initially encountered the $0.00098 resistance level before reversing course and encountering the $0.000092 support level. The price of the sponge will increase as demand grows.

The price is lowered to entice more shoppers to the market. The relative strength index period 14 will show a purchase signal with the signal lines at 52.

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