Sponge Price Increases According to Consumers’ Demand

More bullish candles are emerging

SPONGE (SPONGEUSDT) Price Analysis – 11 November

The targets might be the resistance levels of $0.000136, $0.000330, and $1,786 if the $0.000081 level holds. The support levels of $0.000006 and $0.000004 can be tested if the bearish trend breaks through the $0.000081 level.

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 appears to have a bright future. Customers aren’t exhausted yet. The cost of sponges is 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.

The price trading above and the Hull Suite crypto signaling indicator both demonstrate how well the Sponge market is performing. The targets might be the resistance levels of $0.000136, $0.000330, and $1,786 if the $0.000081 level holds. The support levels of $0.000006 and $0.000004 can be tested if the bearish trend breaks through the $0.000081 level.

SPONGEUSDT Medium-term Trend: Bullish

For four hours, the Sponge chart may show a positive trend. The selling disturbance did not cause a bearish market reversal. It seems that the bulls’ pressure has not yet decreased at the previously advised resistance level. On October 14th, strong bullish candles formed, indicating that buyers are gaining ground. After breaking through the $0.000136 barrier, the price will rise to roughly $0.000196.

Because the price is higher than that of the Hull Suite, it seems that buyers are becoming more active. The QQE MOD displays a purchase signal.

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