Sponge Price: Bulls Currently Attacking $0.000136 Resistance Level

Bulls are putting more pressure on Sponge market

SPONGE (SPONGEUSDT) Price Analysis – 29 October

If the $0.000081 level of Sponge holds, the next targets might be the resistance levels of $0.000136, $0.000196, and $0.000330. If the $0.000081 support level is broken below, the $0.000006 and $0.000004 support levels can be investigated

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 is optimistic about the future. Sponge prices are closely proportional to consumer demand. The quantity of bullish candles rose daily. On September 6, the $0.000136 resistance level was breached. At $0.000136, the price blasted beyond a critical resistance level. Over the past two weeks, the price has fluctuated both inside and outside of the stated resistance levels. Buyers are putting more and more pressure on themselves these days to draw in more capital. Buyers are currently exerting more effort to get beyond the $0.000136 barrier.

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Trade is active as the Hull Suite points north and the sponge’s QQE MOD is being crossed above zero. If the $0.000081 level holds, the next targets might be the resistance levels of $0.000136, $0.000196, and $0.000330. If the $0.000081 support level is broken below, the $0.000006 and $0.000004 support levels can be investigated.

SPONGEUSDT Medium-term Trend: Bullish

There is a bullish trend on the 4-hour Sponge chart. The bulls currently appear to be attacking 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 $0.000196.

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Constantly absorbing the DAMP

Absorbing the DAMP 24/7 💦💦 pic.twitter.com/2h74WpMPcc

— $SPONGE (@spongeoneth) October 27, 2024