Bulls’ pressure will trigger in sponge market
Sponge Price Analysis: 19 February
Sponge may rise toward the resistance levels of $0.000996 and $0.001158 if the buyers are successful in breaking over the $0.000886 barrier. If the $0.000886 resistance level persists, the price can fall to the support levels of $0.000697, $0.000580, and $0.000500.
Key Levels:
Resistance Levels: $0.000886, $0.000996, $0.001158
Support Levels: $0.000697, $0.000580, $0.000500
SPONGEUSDT Long-term Trend: Bullish
Sponge’s daily chart is getting higher. A significant downward trend caused the currency to drop as low as $0.000500 on January 27. The price rose after the bulls successfully defended the $0.000500 support level and broke through the resistance levels at $0.000580 and $0.000697. On February 4, the resistance level at $0.000886 was examined. In a market that is trending, prices are now declining as a phenomenon. This coming week, the sponge market might be dominated by bulls.
The Hull Suite dynamic resistance level is being tested by the Sponge price, and it might soon begin to trade over it. Sponge may rise toward the resistance levels of $0.000996 and $0.001158 if the buyers are successful in breaking over the $0.000886 barrier. If the $0.000886 resistance level persists, the price can fall to the support levels of $0.000697, $0.000580, and $0.000500. QQE MOD, the finest cryptocurrency signals indicator, is trending downward and is below zero.
SPONGEUSDT Price Medium-term Trend: Bullish
Sponge’s 4-hour chart is trending upward. The downward trend ended as the price approached the $0.000500 support level. The price surged as the bulls got greater traction. Probing the resistance level, the uptrend has broken through the $0.000697 resistance barrier. For bulls to surpass the $0.001158 barrier level, their strength will need to double. Following the reversal, there might be additional constructive activity.
The fact that sponge prices are currently just above both Hull Suite indications points to a strong market. The QQE MOD indicates a purchase opportunity when it crosses zero.
POV: FOMO strikes since you didn’t purchase $SPONGE.
POV: you didn't buy $SPONGE and the FOMO hits 👊🧽#SpongeV2 #Web3 #Crypto #100x #MemeCoin #Bullish #Altcoins pic.twitter.com/b4OfAZiAak
— $SPONGE (@spongeoneth) February 19, 2024
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