SPONGEUSDT Is Currently Bullish

Bulls are increasing in Sponge market

SPONGEUSDT Price Analysis – 18 February

Until SPONGEUSDT overcomes the $0.000145 resistance level, which is followed by the $0.000196 and $0.000330 barrier levels, bullish momentum will continue to grow. The price can surpass $0.000330 due to the bulls’ rising drive.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000145, $0.000196, $0.000330

Support levels: $0.000081, $0.000040, $0.000021

SPONGEUSDT Long-term Trend: Bullish

According to the daily chart, SPONGEUSDT is currently bullish. To encourage more individuals to purchase it, the currency’s price has been lowered to the previously established $0.000081. A few days ago, the price of the currency fluctuated between the $0.000081 resistance and the $0.000040 support levels. Ultimately, the bulls succeeded in breaking through the expected barrier level. Because of the bulls’ fervor, the price hit the resistance level of $0.000145 on January 7.

Investor interest in Sponge is rising, which is causing the price level to approach $0.000145. The price’s attempt to break above the Hull Suite crypto signaling index is a sign of increasing bullish pressure. Until the price overcomes the $0.000145 resistance level, which is followed by the $0.000196 and $0.000330 barrier levels, bullish momentum will continue to grow. The price can surpass $0.000330 due to the bulls’ rising drive.

SPONGEUSDT medium-term Trend: Bullish

In the immediate term, SPONGEUSDT is bullish. The sponge’s price is rising due to increased consumer demand. The price movement tested the $0.000145 resistance level on January 7 and then retraced to the $0.000081 support level. Because there were more buyers, the level could not be surpassed. The price is now surging toward $0.000145, and the bulls are gaining ground. More individuals and businesses will now be able to make investments.

Given that the Hull Suite value is lower and the signal lines are advanced over zero, the QQE MOD is displaying a buy signal.

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