Sponge Market Dominate by Buyers
If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels at $0.000136 if the resistance level of $0.000196 persists in SPONGEUSDT market.
SPONGE/USDT Market
Key levels:
Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000136, $0.000081, $0.000006
SPONGEUSDT Long-term Trend: Bullish
SPONGEUSDT is bullish, according to the daily chart. The price has risen to a high of $0.000196 as a result of the positive trend that started on October 28. When a bullish harami candle appeared, the bulls crossed over the stated level. As more bullish candles formed, the SPONGE continued to rise. It is now getting close to the $0.000196 level after breaking through the $0.000136 barrier.
The SPONGE market is dominated by buyers. The price is trading above the zero line of the QQE MOD crypto indicator, indicating a bullish increase, even though the Hull Suite crossed below the price. More bullish activity could occur if the bulls keep pushing at $0.000081 and $0.000006. If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels at $0.000136 if the resistance level of $0.000196 persists.
SPONGEUSDT medium-term Trend: Bullish
The 4-hour SPONGEUSDT chart is bullish. The sponge market was dominated by buyers last week. As the bullish trend continued, the bulls were gradually under more and more pressure. The resistance level of $0.000196 was tested. The price is currently getting close to the $0.000196 resistance level since the bulls are now more capable of applying pressure.
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