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SPONGE (SPONGEUSDT) Price Analysis – 11 November
If the $0.000081 level holds, the goals might be the resistance levels of $0.000136, $0.000330, and $1,786. If the bearish trend breaks through the $0.000081 level, the support levels of $0.000006 and $0.000004 can be tested.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000136, $0.000196, $$0.000330
Support levels: $0.000081, $0.000006, $0.000004
SPONGEUSDT Long-term Trend: Bullish
Sponge seems to have a promising future. Consumers are not yet worn out. The demand from consumers is driving up the price of sponges. On September 6, the $0.000136 resistance level was not maintained. The number of bullish candles increased daily. At $0.000136, the price exceeded a critical pricing threshold. Last week, the price moved between the specified resistance levels. In an effort to draw in additional investors, sellers stepped up their pressure and broke the level near the end of the week. Right now, buyers are applying extra pressure and aiming for the $0.000136 target.
The Hull Suite crypto signaling indicator and the price trading above both show how well the Sponge market is doing. If the $0.000081 level holds, the goals might be the resistance levels of $0.000136, $0.000330, and $1,786. If the bearish trend breaks through the $0.000081 level, the support levels of $0.000006 and $0.000004 can be tested.
SPONGEUSDT Medium-term Trend: Bullish
The Sponge chart can exhibit a positive trend for four hours. There was no bearish market reversal as a result of the selling disruption. At the previously suggested resistance level, it appears that the bulls’ pressure has not yet subsided. Strong bullish candles appeared on October 14th, suggesting that buyers are making progress. The price will increase to about $0.000196 after breaking through the $0.000136 barrier.
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