Sponge Market: Bulls Are Progressively Coming Under Increasing Strain

SPONGE rises as more bullish candles appeared

The price levels of $0.000330 and $0.000402 may be tried if the resistance level of $0.000196 is broken higher in Sponge market. Support levels for bears can be found at $0.000136. If the bears push at $0.000081 and $0.000006, there can be more negative movement if the resistance level of $0.000196 holds.

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 daily chart of SPONGEUSDT shows a bullish outlook. The upward trend that began on October 28 caused the price to climax at $0.000081. The bulls crossed over the indicated level when a bullish harami candle emerged. The SPONGE kept rising as more bullish candles appeared. It broke through the $0.000136 barrier and is now approaching the $0.000196 level.

Buyers control the SPONGE market. Despite the Hull Suite crossing below the price, the price is trading above the QQE MOD crypto indicator’s zero line, suggesting a positive gain. The price levels of $0.000330 and $0.000402 may be tried if the resistance level of $0.000196 is broken higher. Support levels for bears can be found at $0.000136. If the bears push at $0.000081 and $0.000006, there can be more negative movement if the resistance level of $0.000196 holds.

SPONGEUSDT medium-term Trend: Bullish

Bullish is the 4-hour SPONGEUSDT chart. Last week, buyers controlled the sponge market. The bulls were progressively coming under increasing strain as the bullish trend persisted. The $0.000196 resistance level was put to the test. Due to the bulls’ increased ability to exert pressure, the price is currently approaching the $0.000196 resistance level.

The QQE MOD indicator is rising, and the cryptocurrency is trading above the Hull Suite crypto signal, which denotes a bull market. It’s time to buy when the signal lines curve upward.