Sponge is rising
SPONGEUSDT Price Analysis – 26 September
If Coin is profitable in breaking above the $0.000136 degree of resistance, the Sponge’s subsequent upward objectives are projected to look after the market incline on the $0.000196 and $0.000330 ranges.
Supply degree: $0.000136, $0.000196, $0.000330
Demand degree: $0.000087, $0.000004, $0.000006
SPONGEUSDT Long-term Trend: Bullish
Long-term prospects for SPONGEUSDT are promising. Sponge discovered help a number of weeks in the past when its value fell to $0.000087. However, sellers endured in driving the SPONGEUSDT market decrease through the earlier month. Recently, the coin’s worth exceeded $0.000136. The degree of $0.000136 was about to be breached as every day candles started to pattern extra bullishly than bearishly. On September 6, the associated fee briefly climbed to a peak of $0.000196 earlier than falling. The value will quickly surpass its earlier peak.
The bullish pattern is accelerating, based on the rising crossover of the sponge and the 2 EMAs. Both the 21-period EMA and the 9-period EMA are getting shut. If Sponge is profitable in breaking above the $0.000136 degree of resistance, Sponge’s subsequent upward objectives are projected to look after the market inclines on the $0.000196 and $0.000330 ranges. If the bears are profitable in holding the resistance degree of $0.000136, the worth could go under the help degree of $0.000087.
SPONGEUSDT Medium-term Trend: Bullish
Over the subsequent few months, SPONGEUSDT has a promising future. The market is rising shortly, and bulls are starting to reappear. Buyers outnumbered sellers a number of weeks in the past, when the resistance degree of $0.000136 was damaged. The value returns to the prior excessive degree so long as the bulls’ impetus persists.
Price is above the 9- and 21-period exponential shifting averages, respectively. Buying is suggested as a result of the sign line is pointing up and the Relative Strength Index interval 14 is at 25 ranges.
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🔗 https://t.co/lzRhjW4oLL pic.twitter.com/CqfYrT8KMt
— $SPONGE (@spongeoneth) September 26, 2023
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