Sponge Price Is Getting Closer to Resistance Level of $0.000196

Bullish momentum is growing

SPONGEUSDT Price Analysis – 20 December

SPONGE might be able to overcome the $0.000196 resistance level and begin an assault toward the $0.000330 and $0.000402 levels if the Bulls continue to be relentless. Sponge may continue to purchase.

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000196, $0.000330, $0.000402

Support levels: $0.000136, $0.000081, $0.000006

SPONGEUSDT Medium-term Trend: Bullish

The long-term forecast for SPONGEUSDT is positive. The sponge market had a positive spark. Since November 20th, there has been downward pressure on the cryptocurrency. The demand for the coin later dropped to $0.000081. The price retraced to test the previously broken resistance level of $0.000136. Since the price had already achieved the confluence at the predetermined level, additional price growth was allowed. As the bulls start their march, the price is getting closer to the resistance level of $0.000196.

The SPONGE present closeness to the Hull Suite crypto signal indicates that bullish momentum is growing. If the QQE MOD’s histogram is northward and above zero, it indicates a buy signal. SPONGE might be able to overcome the $0.000196 resistance level and begin an assault toward the $0.000330 and $0.000402 levels if the Bulls continue to be relentless.

SPONGEUSDT Short-term Trend: Bullish

The short-term forecast is favorable for SPONGE. The week before, Sponge was getting ready. The bearish momentum in the sponge market was immediately erased after the consolidation action. The incredible speed of the bulls is causing it to burst out to the north.

The enthusiasm of buyers caused the coin to display increasing momentum. At the moment, Sponge is trading above the Hull Suite forex indicator. Given that the QQE MOD histogram is currently rising and above zero, Sponge may continue to purchase.

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