Sponge Price: Buyers Put Pressure to Break Through $0.000145 Level

Bulls’ momentum is increasing

SPONGE (SPONGEUSDT) Price Analysis – 09 November

The resistance levels of $0.000145, $0.000253, and $0.000330 could be the next objectives in Sponge market if the $0.000136 level holds. The $0.000081 and $0.000006 support levels can be examined if the $0.000136 support level is breached below

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 has hope for the future. There is undoubtedly a relationship between sponge prices and 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 barrier level at $0.000145. The price has moved both inside and outside of the indicated resistance levels during the last two weeks. Now, buyers are putting more pressure on themselves to attract more capital. At the moment, buyers are working harder to break over the $0.000145 barrier.

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When the sponge’s QQE MOD crosses over zero and the Hull Suite indicates north, a buying trade is initiated. The resistance levels of $0.000145, $0.000253, and $0.000330 could be the next objectives if the $0.000136 level holds. The $0.000081 and $0.000006 support levels can be examined if the $0.000136 support level is breached below.

SPONGEUSDT Medium-term Trend: Bullish

The 4-hour Sponge chart shows a bullish trend. The $0.000253 resistance level seems to be the bulls’ current target. The market was not negatively impacted by the sellers’ actions. The robust bullish candles of today suggest that buyers are picking up speed. The price will climb and trend toward $0.000253 if it reaches $0.000136.

.000145 Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/11/4-hours-22-1024x458.png"/> 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.

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