Sponge Price: Bulls Are Gaining Ground

Market is currently moving toward $0.000199

SPONGEUSDT Price Analysis – 23 October

SPONGEUSDT is approaching the $0.000199 mark as the bulls gain power and break above the $0.000136 resistance barrier. Bull pressure appears to be building as the price attempts to overtake the Hull Suite crypto signals indicator

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000199, $0.000253, $0.000330

Support levels: $0.000136, $0.00017, $0.0004

 

SPONGEUSDT Long-term Trend: Bullish

Right now, the SPONGEUSDT daily chart shows promise for the future. The coin was trapped two weeks ago between the $0.0004 support level and the $0.00017 resistance level. The bulls eventually succeeded in breaking above the critical level, despite their first attempts to breach the resistance level at $0.00017. On September 7, the price broke through the $0.00196 barrier due to the bulls’ fervor. The cryptocurrency was reduced to the set price in order to draw in more buyers. Sponge is now attempting to overcome the $0.000199 resistance level.

The price is approaching the $0.000199 mark as the bulls gain power and break above the $0.000136 resistance barrier. Bull pressure appears to be building as the price attempts to overtake the Hull Suite crypto signals indicator. Following the resistance level of $0.000199, the barrier levels of $0.000253 and $0.000330 will be breached. The price can fall below $0.000136 if the bears keep pushing. A buy signal is displayed when the QQE MOD indicator’s signal line rises above zero.

 SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT says that the shorter time span is better. On September 7, the price movement tested the resistance level of $0.0001966. It then dropped back to the support level of $0.00017. Despite the negative push, the level remained stable. As the bulls gain ground, the market is currently moving toward $0.000199. This will facilitate private and corporate investment.

The purchase signal lines are plainly visible, and the QQE MOD histogram is increasing beyond the zero level.

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