Sponge Price Breaks over $0.000136 Level

Buyers’ momentum increases

SPONGE (SPONGEUSDT) Price Analysis – 04 November

If the $0.000136 level holds in Sponge market, the next targets might be the resistance levels of $0.000145, $0.000253, and $0.000330. If the $0.000136 support level is broken below, the $0.000081 and $0.000006 support levels can be investigated

SPONGEUSDT Market

Key levels:

Resistance levels:, $0.000145, $0.000253, $0.000330

Support levels: $0.000136, $0.000081, $0.000006

SPONGEUSDT Long-term Trend: Bullish

Sponge is optimistic about the future. The price of sponges and consumer demand are clearly correlated. The quantity of bullish candles rose daily. On September 6, the $0.000136 resistance level was breached. At $0.000136, the price jumped above a critical resistance level. Over the past two weeks, the price has fluctuated both inside and outside of the stated resistance levels. Buyers are now exerting greater pressure on themselves to draw in additional funding. Buyers are currently exerting more effort to break through the $0.000136 barrier.

Trade is engaged when the Hull Suite points north and the sponge’s QQE MOD crosses over zero. If the $0.000136 level holds, the next targets might be the resistance levels of $0.000145, $0.000253, and $0.000330. If the $0.000136 support level is broken below, the $0.000081 and $0.000006 support levels can be investigated.

degenerates as soon as the market surges

degens as soon as the bull market hits pic.twitter.com/qMzVOr3rxF

— $SPONGE (@spongeoneth) November 1, 2024

SPONGEUSDT Medium-term Trend: Bullish

There is a bullish trend on the 4-hour Sponge chart. The bulls’ current aim appears to be the $0.000136 resistance level. The sellers’ actions did not have a detrimental effect on the market. Today’s strong bullish candles indicate that buyers are increasing their pace. If the price hits $0.000136, it will rise and trend toward $0.000253.

The fact that the coin is trading above the Hull Suite crypto signals suggests that there is probably additional buying momentum. A buy signal is shown by the QQE MOD signal line on the histogram rising above the zero level.

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