Sponge Price: Buyers Exert Pressure To Overcome $0.000145 Level

An increase in buyers’ momentum

SPONGE (SPONGEUSDT) Price Analysis – 07 November

If the $0.000136 level holds, the following targets might be the resistance levels of $0.000145, $0.000253, and $0.000330. If the $0.000136 support level is broken below, the $0.000081 and $0.000006 support levels can be investigated in Sponge market.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000145, $0.000253, $0.000330

Support levels: $0.000136, $0.000081, $0.000006

SPONGEUSDT Long-term Trend: Bullish

Sponge is optimistic about the future. Prices for sponge and consumer demand are definitely correlated. The quantity of bullish candles rose daily. On September 6, the $0.000136 resistance level was breached. At $0.000145, the price jumped above a critical barrier level. Over the past two weeks, the price has fluctuated both inside and outside of the stated resistance levels. Buyers are now exerting more pressure on themselves to draw in additional funding. Buyers are currently exerting more effort to get over the $0.000145 barrier.

Buying trade is engaged when the Hull Suite points north and the sponge’s QQE MOD crosses over zero. If the $0.000136 level holds, the following targets might be the resistance levels of $0.000145, $0.000253, and $0.000330. If the $0.000136 support level is broken below, the $0.000081 and $0.000006 support levels can be investigated.

SPONGEUSDT Medium-term Trend: Bullish

There is a bullish trend on the 4-hour Sponge chart. The bulls’ current aim appears to be the $0.000253 resistance level. The sellers’ actions did not have a detrimental effect on the market. Today’s strong bullish candles imply that buyers are accelerating. If the price hits $0.000136, it will rise and trend toward $0.000253.

The fact that the coin is trading above the Hull Suite crypto signals suggests that there is probably additional buying momentum. A buy signal is shown by the QQE MOD signal line on the histogram rising above the zero level.

degenerates as soon as the market surges

degens as soon as the bull market hits pic.twitter.com/qMzVOr3rxF

— $SPONGE (@spongeoneth) November 1, 2024

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