SPONGE/USD ($SPONGE) Is Set for Bullish Actions
Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more
After $SPONGE hit the $0.0001580 price high, the bear market seemed to be triggered too soon. At first, it looked like a price retracement, as the price decline paused at the $0.0001526 price level between June 22 and June 24.
However, the bearish price has ventured more into the demand zone. The $0.0001450 is a bullish price landmark; an upside rebound is expected at this level, so the bearish price has been continuously rejected at this level since the market hit this point in today’s market.
Key Levels
- Resistance: $0.0004, $0.0045, and $0.0005.
- Support: $0.00015, $0.00014, and $0.00013.
SPONGE/USD ($SPONGE) Price Analysis: The Indicators’ Point of View
Looking through the Moving Average Convergence and Divergence (MACD) indicator, the appearance of faded red histograms supports the expectation $SPONGE of a price rebound at the $0.0001450 support level. The MACD lines have begun to change direction in response to the bullish sentiment around the current support level.
SPONGE/USD Short-Term Outlook: 1-Hour Chart
As we can see from the 1-hour chart outlook for the market, a bullish recovery is in progress. Although, within the day’s trading session so far, a resistance level has formed at $0.001467, bulls held firmly to the support level, and the market is currently bouncing back from below the two moving averages, which are the 9-day moving average and the 20-day moving average.
The SPONGE/USD airdrop is still ongoing. Don’t miss out on this amazing offer.
🔔Don’t miss out on the $SPONGE #Airdrop!🧽
Join now and unlock incredible rewards!🎉🎁
Head over to our #Discord community and complete the verification process✅
Fill out the form in the airdrop-signup channel and link your accounts🔗
👉https://t.co/lzRhjW4oLL pic.twitter.com/NfcGl65Det
— $SPONGE (@spongeoneth) June 26, 2023
Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today!
