Bullish momentum is growing
SPONGEUSDT Price Analysis – 02 January
Sponge might be able to overcome the $0.000196 resistance level and begin an assault toward the $0.000330 and $0.000402 levels if the Bulls continue to be fervent.
SPONGE/USDT Market
Key levels:
Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000136, $0.000081, $0.000006
SPONGEUSDT Medium-term Trend: Bullish
The long-term forecast for SPONGEUSDT is positive. The sponge market had a positive spark. Since November 20th, there has been downward pressure on the cryptocurrency. Later, the coin’s demand fell to $0.000081. The price retraced to test the previously broken resistance level of $0.000136. Since the price had already achieved the confluence at the predetermined level, additional price growth was allowed. As the bulls start their march, the price is getting closer to the resistance level of $0.000196.
The SPONGE’s current closeness to the Hull Suite crypto signal indicates that bullish momentum is growing. When the QQE MOD’s histogram is northward and above zero, a buy signal is displayed. SPONGE might be able to overcome the $0.000196 resistance level and begin an assault toward the $0.000330 and $0.000402 levels if the Bulls continue to be fervent.
SPONGEUSDT Short-term Trend: Bullish
The short-term forecast is favorable for SPONGE. The week before, Sponge was getting ready. The bearish momentum in the sponge market was immediately erased after the consolidation action. The bulls’ incredible speed will cause it to break out to the north. The enthusiasm of buyers caused the coin to display increasing momentum.
At the moment, Sponge is trading above the Hull Suite forex indicator. Given that the QQE MOD histogram is currently rising and above zero, Sponge may continue to purchase.
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A daily reminder to absorb the moisture
Daily reminder to absorb dat damp 💦 pic.twitter.com/pxJ2TIppPw
— $SPONGE (@spongeoneth) December 29, 2024
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