Sponge Price: Bulls Are Gaining Ground

Bullish momentum will keep increasing

SPONGEUSDT Price Analysis – 28 February

Bullish momentum will keep increasing until SPONGE breaks through the $0.000145 resistance level, which is followed by the $0.000196 and $0.000330 barrier levels. The bulls’ bullish push could cause the price to surpass $0.000330.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000145, $0.000196, $0.000330

Support levels: $0.000081, $0.000040, $0.000021

SPONGEUSDT Long-term Trend: Bullish

The daily chart indicates that SPONGEUSDT is bullish at the moment. The currency’s price has been reduced to the previously set $0.000081 in an effort to attract more buyers. The currency’s price moved back and forth between the $0.000081 resistance and the $0.000040 support levels a few days ago. In the end, the bulls were able to breach the anticipated barrier level. On January 7, the price reached the $0.000145 barrier level due to the bulls’ fury.

Sponge is seeing an increase in investor interest, which is pushing the price level closer to $0.000145. An indication of growing bullish pressure is the price’s effort to break above the Hull Suite crypto signaling index. Bullish momentum will keep increasing until the price breaks through the $0.000145 resistance level, which is followed by the $0.000196 and $0.000330 barrier levels. The bulls’ bullish push could cause the price to surpass $0.000330.

SPONGEUSDT medium-term Trend: Bullish

The forecast for SPONGEUSDT is favorable in the short term. The rising demand from customers is driving up the sponge’s price. On January 7, the price movement retraced to the $0.000081 support level after testing the $0.000145 resistance level. The level could not be exceeded because there were more buyers. The bulls are gaining ground as the price is currently soaring toward $0.000145. More people and corporations will now have the opportunity to invest.

The QQE MOD is showing a purchase signal since the signal lines are advanced over zero and the Hull Suite value is lower.

Avoid fading the downturn.

Don’t fade the dip pic.twitter.com/8edlWhPje2

— $SPONGE (@spongeoneth) February 19, 2025

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