Sponge Price: Buyers Are Working Harder to Break over $0.000136 barrier

Buyers are picking up their pace on Sponge market

SPONGE (SPONGEUSDT) Price Analysis – 30 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 has hope for the future. Prices for sponges are directly correlated with consumer demand. Every day, the number of bullish candles increased. The resistance level of $0.000136 was broken on September 6. The price surged above a crucial resistance level at $0.000136. The price has moved both inside and outside of the indicated resistance levels during the last two weeks. These days, buyers are putting more pressure on themselves to attract more cash. At the moment, buyers are working harder to break over the $0.000136 barrier.

As the sponge’s QQE MOD crosses over zero and the Hull Suite indicates north, trade is active. The resistance levels of $0.000136, $0.000196, and $0.000330 could be the next targets if the $0.000081 level holds. The $0.000006 and $0.000004 support levels can be examined if the $0.000081 support level is breached below.

SPONGEUSDT Medium-term Trend: Bullish

The 4-hour Sponge chart shows a bullish trend. Right now, it looks like the bulls are going after the resistance level of $0.000136. The market was not negatively impacted by the sellers’ actions. The robust bullish candles of today suggest that buyers are picking up their pace. The price will increase and trend toward $0.000196 if it reaches $0.000136.

There is most likely more purchasing momentum because the coin is trading above the Hull Suite crypto signals. The QQE MOD signal line on the histogram rising above the zero level indicates a purchase signal.

Crypto guys stick together.

Crypto bros stick together pic.twitter.com/rbjopP5SVq

— $SPONGE (@spongeoneth) October 13, 2024

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