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.
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.
Greetings from $SPONGE
Welcome to $SPONGE 💦 pic.twitter.com/WStl1N9SCJ
— $SPONGE (@spongeoneth) November 5, 2024
