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Sponge Market Is Dominating by Buyers

Azeez Mustapha
Updated 1 min read
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Sponge Market Was Dominated by Buyers Last Week

Bulls’ momentum increase toward $0.000196 level

If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels at $0.000136 if the resistance level of $0.000196 persists in Sponge market.

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

On the daily chart, SPONGEUSDT is bullish. The upward trend that began on October 28 has caused the price to reach a peak of $0.000196. 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 presently approaching the $0.000196 level.

Sponge Market Was Dominated by Buyers Last Week

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. Should the bulls continue to push at $0.000081 and $0.000006, more bullish activity might take place. The price levels of $0.000330 and $0.000402 may be tried if the resistance level of $0.000196 is broken higher. If the resistance level of $0.000196 holds, bears can find support levels at $0.000136.

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.

Sponge Market Was Dominated by Buyers Last Week 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.

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