Sponge Market: Buyers’ Momentum May Break Up $0.000196 Level

SPONGE market is dominated 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 can find support levels at $0.000136 if the resistance level of $0.000196 persists, there may be additional bearish movement 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

SPONGEUSDT has a bullish outlook on the daily chart. 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 currently getting close to the $0.000196 level after breaking through the $0.000136 barrier.

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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. Bears can find support levels at $0.000136 if the resistance level of $0.000196 persists, there may be additional bearish movement if the bears push at $0.000081 and $0.000006.

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.

.000196 Level" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/11/4-hours-72.png"/> The cryptocurrency is trading above the Hull Suite crypto signal, indicating a bull market, while the QQE MOD indicator is increasing. When the signal lines curve upward, it’s time to buy.