SPONGEUSDT Price May Surpass $0.000199 Resistance Level

The price is getting closer to $0.00199 mark

SPONGEUSDT Price Analysis – 21 October

As the bulls strengthen and break over the $0.00136 resistance level, the price is getting closer to the $0.00199 mark. The barrier levels of $0.000253 and $0.000330 will be broken after the resistance level of $0.000199. SPONGEUSDT may drop below $0.000136 if the bears continue their drive.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000199, $0.000253, $0.000330

Support levels: $0.000136, $0.00017, $0.0004

SPONGEUSDT Long-term Trend: Bullish

The SPONGEUSDT daily chart currently indicates a bright future. Two weeks ago, the coin was stuck between the resistance level of $0.00017 and the support level of $0.0004. Although the bulls initially attempted to break over the resistance level at $0.00017, they ultimately succeeded in breaching over the key level. The zeal of the bulls caused the price to break through the $0.00196 barrier on September 7. To attract additional purchasers, the crypto was lowered to the fixed price. At this point, Sponge is trying to break through the $0.000199 resistance level.

As the bulls strengthen and break over the $0.00136 resistance level, the price is getting closer to the $0.00199 mark. As the price tries to surpass the Hull Suite crypto signals indicator, bull pressure seems to be increasing. The barrier levels of $0.000253 and $0.000330 will be broken after the resistance level of $0.000199. The price may drop below $0.000136 if the bears continue their drive. When the signal line of the QQE MOD indicator rises above zero, a purchase signal is shown.

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SPONGEUSDT medium-term Trend: Bullish

According to SPONGEUSDT, the shorter time frame is preferable. The price movement tested the $0.001966 resistance level on September 7. After then, it fell back to the $0.00017 support level. The level held steady in spite of the negative push. The market is currently rising toward $0.000199 as the bulls take control. Corporate and private investment will be made easier as a result.

The QQE MOD histogram is rising above the zero level, and the purchase signal lines are clearly apparent.

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Early moonshots are being called by crypto bros.

Crypto bros calling moonshots early pic.twitter.com/E4PTSpYJYO

— $SPONGE (@spongeoneth) October 19, 2024