SPONGE Market Is Dominated by Purchasing Power

Sponge’s price increasing gradually

SPONGEUSDT Price Analysis – 07 December

The trend may remain bullish as long as the bulls continue to rise. If the resistance level of $0.000145 is broken higher, the price levels of $0.000196 and $0.000330 could be examined. Bears can find support at $0.000136, $0.000081, and $0.000006 if the $0.000145 resistance level holds.

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000145, $0.000196, $0.000330

Support levels: $0.000136, $0.000081, $0.000006

SPONGEUSDT Long-term Trend: Bullish

Bullish is the daily SPONGEUSDT chart. The price increased gradually starting on October 28 and reached its highest point at $0.000196. The bulls were able to break above the target level when a bullish engulfing candle formed. As additional positive candles were lighted, the SPONGE continued to rise. After failing to break through the upward $0.000196 barrier, it is now retesting the $0.000136 barrier.

The SPONGE market is dominated by purchasing power. As long as the price remains above the Hull Suite, the crossover of the aforementioned crypto signals indicator points to a positive trend. The trend may remain bullish as long as the bulls continue to rise. If the resistance level of $0.000145 is broken higher, the price levels of $0.000196 and $0.000330 could be examined. Bears can find support at $0.000136, $0.000081, and $0.000006 if the $0.000145 resistance level holds.

 SPONGEUSDT medium-term Trend: Bullish

The four-hour SPONGEUSDT chart is trending upward. The sponge market was dominated by buyers last week. The upward trend persisted as the pressure on the bulls increased with time. At $0.000136, the resistance level was surpassed. The price is approaching the $0.000145 resistance level as a result of the bulls’ increasing push.

A bull market is suggested by the cryptocurrency’s trading above the Hull Suite. A gain is shown when the price is over the QQE MOD crypto indicator’s zero line.

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A #SPONGER once is a SPONGER forever.

Once a #SPONGER, always a SPONGER 🧽️💛 pic.twitter.com/RRUNJDx18E

— $SPONGE (@spongeoneth) December 5, 2024