Sponge Price: Buyers Are Currently Exerting More Pressure
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Sponge Price: Buyers Are Currently Exerting More Pressure

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Azeez Mustapha

Updated:

Purchasers are getting more active

SPONGE Price Analysis – 27 October

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’s future looks bright. Customers aren’t exhausted yet. Prices for sponges are increasing due to consumer demand. The $0.000136 resistance level was not upheld on September 6. Every day, there were more bullish candles. The price surpassed a crucial pricing criterion at $0.000136. The price fluctuated between the stated resistance levels last week. Toward the end of the week, sellers increased their pressure and broke the level in an attempt to attract more investors. Buyers are currently exerting more pressure and looking for the $0.000136 mark.

Sponge Price: Buyers Are Currently Exerting More Pressure

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

A favorable trend may be seen in the Sponge chart for four hours. There was no bearish market reversal as a result of the selling disruption. It looks as though the bulls’ pressure has not yet been removed at the resistance level mentioned earlier. Strong bullish candles developed on October 14th, suggesting that buyers are gaining ground. The price will increase to about $0.000196 after it surpasses the $0.000136 barrier.

Sponge Price: Buyers Are Currently Exerting More Pressure It appears that purchasers are getting more active because the price is higher than that of the Hull Suite. A purchase signal is displayed by the QQE MOD.

“I can handle the stress,” Degens said.

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