Sponge Price Is Directly Correlated with Investors’ Demand

Bulls are increasing their momentum in Sponge market

SPONGE (SPONGEUSDT) Price Analysis – 26 October

If the $0.000081 level holds, the following objectives might be the resistance levels of $0.000136, $0.000330, 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 is optimistic about the future. Customer demand and sponge prices are directly tied. The quantity of bullish candles rose daily. On September 6, the $0.000136 resistance level was breached. At $0.000136, the price broke through a critical resistance level. Over the past two weeks, the price has fluctuated both inside and outside of the stated resistance levels. Buyers are putting more pressure on themselves these days in an effort to draw in more investors. Buyers are currently exerting more pressure to break over the $0.000136 barrier.

The Hull Suite points northward suggest that trade is active, and the sponge signals QQE MOD are being crossed above zero level. If the $0.000081 level holds, the following objectives might be the resistance levels of $0.000136, $0.000330, and $0.000330. If the $0.000081 support level is broken below, the $0.000006 and $0.000004 support levels can be investigated.

 

SPONGEUSDT Medium-term Trend: Bullish

Sponge’s 4-hour chart displays a bullish trend. It appears that the bulls are currently exerting pressure on the $0.000136 resistance level. The sellers’ actions had no negative impact on the market. Today, strong bullish candles appear, indicating that purchasers are increasing their pace. Over $0.000136, the price will rise and trend toward $0.000196.

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

Be mindful of your steps.

Watch your step ⚡️ pic.twitter.com/zU2ydTKcCs

— $SPONGE (@spongeoneth) September 27, 2024

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