Sponge Price Is Struggling to Break over $0.000136 Level

Buyers are gaining momentum on Sponge market

SPONGE (SPONGEUSDT) Price Analysis – 31 October

If the $0.000081 level holds, the following objectives might be the resistance levels of $0.000136, $0.000196, 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. Sponge prices and consumer demand are directly connected. The quantity of bullish candles rose daily. On September 6, the $0.000136 resistance level was breached. At $0.000136, the price jumped above a critical resistance level. Over the past two weeks, the price has fluctuated both inside and outside of the stated resistance levels. Buyers are now exerting more pressure on themselves to draw in more money. Buyers are currently exerting more effort to overcome the $0.000136 barrier.

Trade is engaged when the Hull Suite points north and the sponge’s QQE MOD crosses over zero. If the $0.000081 level holds, the following objectives might be the resistance levels of $0.000136, $0.000196, 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

There is a bullish trend on the 4-hour Sponge chart. It appears that the bulls are currently aiming for the $0.000136 resistance level. The sellers’ actions did not have a detrimental effect on the market. Today’s strong bullish candles imply that buyers are accelerating. If the price hits $0.000136, it will rise and trend toward $0.000196.

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

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It’s known as priorities.

It’s called priorities…. 💡 pic.twitter.com/F4oPIdWnh9

— $SPONGE (@spongeoneth) October 23, 2024