Sponge (SPONGEUSDT) Price Will Increase as Demand Grows

Bulls’ pressure increases in SPONGEUSDT market

SPONGEUSDT Price Analysis – 27 July

If bulls keep rising at their current pace. When Sponge crosses the $0.00038 resistance level, the rising trend will quicken and go in the direction of the $0.00065 and $0.00087 barrier levels.

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

The price of SPONGEUSDT is in the green on the daily chart. Sponge recently lowered the cost of its services to $0.000092 in an effort to draw in more users. This was quickly completed and the difficulty level reverted to its previous level. The sponge is now priced from $0.00038 to $0.00092. This could go on until enough resources are obtained. All investors will benefit from the bullish trend that will most likely begin to affect the SPONGEUSDT market. If a bullish breakout takes place at the $0.00038 level, the strong resistance levels that are now in place will swiftly turn into support levels.

Sponge is expected to surpass the 9-period and 21-period moving averages. It may cost more than $0.00087. If bulls keep rising at their current pace. When the price crosses the $0.00038 resistance level, the rising trend will quicken and go in the direction of the $0.00065 and $0.00087 barrier levels.

SPONGEUSDT medium-term Trend: Bullish

The greatest choice for shorter periods is SPONGEUSDT. On May 7, the price increased. It ran into the $0.00098 resistance level before tumbling to the $0.00038 support level. Due to the coin’s inability to maintain the $0.00038 support level, more individuals are purchasing it. Sponge prices will increase as demand grows. To entice additional buyers, the price is reduced.

With the signal lines at 47, the relative strength index period 14 is showing a buy signal.

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— $SPONGE (@spongeoneth) July 27, 2023

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