Price may rise
SPONGEUSDT Price Analysis – November 29
Sponge may surpass the $0.000330 resistance level and rise to the $0.000402 and $0.000502 price levels if the bulls’ pressure keeps increasing. If the resistance level at $0.000330 holds, the price may fall into the support levels at $0.000196, $0.000269, and $0.000136.
Key Levels:
Resistance levels: $0.000330, $0.000402, $0.000502
Support levels: $0.000196, $0.000269, $0.000136
SPONGEUSDT Long-term Trend: Bullish
The daily SPONGEUSDT chart is bullish. The coin was in a retracement last week on the daily chart. Despite the increasing trend, the price was not able to break over the $0.000402 barrier level. Retests were carried out using a support level of $0.000136. November 21: As the bulls gain more traction and try to break over the $0.000330 barrier level, the price rises above the $0.000196 resistance level.
The two EMAs are bending upward in tandem with the movement of the price. Bullish momentum is seen in the cryptocurrency’s trading, which is still above the 9- and 21-period EMAs. The price may surpass the $0.000330 resistance level and rise to the $0.000402 and $0.000502 price levels if the bulls’ pressure keeps increasing. If the resistance level at $0.000330 holds, the price may fall into the support levels at $0.000196, $0.000269, and $0.000136.
SPONGEUSDT Medium-term Trend: Bullish
Regarding the medium-term outlook, SPONGEUSDT is trending upward. Bulls eventually take the lead in the SPONGEUSDT market. With the bulls’ enthusiasm growing, the price is increasing and breaking past the resistance level at $0.000196. The $0.000330 resistance level is where the price is heading higher.
It appears like bulls are in control of the market because the price is trading above the 9- and 21-period EMAs. On the relative strength index period 14 at 63 levels, there is a positive signal.
The distribution of the $SPONGE airdrop has concluded.
🚨 Exciting news, #SPONGERS! 🧽
The $SPONGE Airdrop distribution is now complete! https://t.co/iMAdfg9SiS
Check your wallets to see if you've made a splash as one of the recipients! 🌊💰#SPONGE #MemeCoin #Airdrop pic.twitter.com/yw7RKVtcg9
— $SPONGE (@spongeoneth) November 7, 2023
Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!
Leave a Reply