Sponge Price Is Rising as Investors’ Pressure Increases
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Sponge Price Is Rising as Investors’ Pressure Increases

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Azeez Mustapha

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Price is controlled by buyers

SPONGE (SPONGEUSDT) Price Analysis – 25 October

If the $0.000081 level holds, the goals might be the resistance levels of $0.000136, $0.000330, and $1,786. If the bearish trend breaches the $0.000081 support level, the support levels of $0.000006 and $0.000004 can be tested IN SPONGEUSDT market.

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’s future is bright. Customers aren’t exhausted yet. The cost of sponges is increasing due to demand from consumers. 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.

Sponge Price Is Rising as Investors’ Pressure Increases

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

SPONGEUSDT Medium-term Trend: Bullish

There is a positive trend on the four-hour Sponge chart. There was no bearish market reversal as a result of the selling disruption. It looks as though the bulls’ pressure has not yet been relieved at the aforementioned resistance level. Strong bullish candles developed on October 14th, suggesting that buyers are picking up momentum. After surpassing the $0.000136 barrier level, the price will increase to around $0.000196.

Sponge Price Is Rising as Investors’ Pressure Increases It appears that purchasers are getting more active because the price is higher than that of the Hull Suite. A buy signal is displayed by the QQE MOD.

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