Sponge Market: Additional Bullish Candles Emerge

PONGE may continue to rise

If the resistance level of $0.000196 is broken higher, SPONGEUSDT levels of $0.000330 and $0.000402 might be attempted. Bear support levels are located at $0.000136. If the resistance level of $0.000196 holds, there may be additional negative action if the bears push at $0.000081 and $0.000006.

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

The SPONGEUSDT daily chart displays a positive outlook. The price peaked at $0.000081 as a result of the increasing trend that started on October 28. When a bullish harami candle appeared, the bulls crossed over the stated level. As additional bullish candles emerged, 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. If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bear support levels are located at $0.000136. If the resistance level of $0.000196 holds, there may be additional negative action if the bears push at $0.000081 and $0.000006.

SPONGEUSDT medium-term Trend: Bullish

There is bullishness on the 4-hour SPONGEUSDT chart. Last week, buyers controlled the market for sponges. The pressure on the bulls grew steadily as the bullish trend persisted. The $0.000196 resistance level was examined. Now that the bulls are better able to exert pressure, the price is approaching the resistance level of $0.000196.

A bull market is indicated by the cryptocurrency’s trading above the Hull Suite crypto signal, and the QQE MOD indicator is rising. The signal lines should be bought as they bend upward.