Sponge Is Driving Up By Rising Demand

Bulls are gaining ground in Sponge market

SPONGEUSDT Price Analysis – 21 February

Bullish momentum will keep increasing until the price breaks through the $0.000145 resistance level, which is followed by the $0.000196 and $0.000330 barrier levels. The rising drive of the bulls can cause SPONGE to cross $0.000330.

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

The daily chart indicates that SPONGEUSDT is bullish at the moment. The currency’s price has been reduced to the previously set $0.000081 in an effort to entice more people to buy it. The currency’s price moved back and forth between the $0.000081 resistance and the $0.000040 support levels a few days ago. In the end, the bulls were able to breach the anticipated barrier level. On January 7, the price reached the barrier level of $0.000145 due to the fury of the bulls.

Sponge is seeing an increase in investor interest, which is pushing the price level closer to $0.000145. An indication of growing bullish pressure is the price’s effort to break above the Hull Suite crypto signaling index. Bullish momentum will keep increasing until the price breaks through the $0.000145 resistance level, which is followed by the $0.000196 and $0.000330 barrier levels. The rising drive of the bulls can cause the price to cross $0.000330.

SPONGEUSDT medium-term Trend: Bullish

In the short run, SPONGEUSDT is optimistic. The rising demand from consumers is driving up the price of the sponge. On January 7, the price movement retraced to the $0.000081 support level after testing the $0.000145 resistance level. The level could not be exceeded because there were more buyers. The bulls are gaining ground as the price is currently soaring toward $0.000145. Investments will now be available to more people and companies.

The QQE MOD is showing a purchase signal since the signal lines are advanced over zero and the Hull Suite value is lower.

Avoid fading the downturn.

Don’t fade the dip pic.twitter.com/8edlWhPje2

— $SPONGE (@spongeoneth) February 19, 2025

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