Sponge Price: More Buyers Enter Market

Bulls are increasing as price reduces

SPONGEUSDT Price Analysis – 05 February

If SPONGE breaks over the $0.000145 resistance position, which is followed by the $0.000196 and $0.000330 hedge positions, bullish agitation will consolidate. But if the bulls keep driving the price higher, it might surpass the position that was curtly proposed.

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000145, $0.000196, $0.000330

Support levels: $0.000081, $0.000040, $0.000021

SPONGEUSDT Long-term Trend: Bullish

The daily chart indicates that the SPONGEUSDT is bullish. When the price of a coin is lowered more buyers enter market; that is exactly the case of SPONGEUSDT. More investors are joining the train. At the moment, sponge is affordable and available to a wide range of people. Now, the price is around $0.000145. Well done!  Sponge will be flying in the direction of the moon soon. Investors will enjoy from the SPONGEUSDT’s upward trend. The strong resistance position of $0.000196 will shortly give way to the support position if there is a bullish rout at the $0.000145 position.

The price presently outperforms the Hull Suite crypto signaling index. If the price breaks over the $0.000145 resistance position, which is followed by the $0.000196 and $0.000330 hedge positions, bullish agitation will consolidate. But if the bulls keep driving the price higher, it might surpass the position that was curtly proposed.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is the superior choice in the shorter time range. Since more people are buying the coin, the price will soon soar higher. The sponge’s price will rise in accordance with its demand. After reaching the $0.000196 resistance point on January 10, the price movement declined and tested the $0.000040 support position. To increase awareness of the request, the price is reduced.

Given that the Hull Suite is worth lower and the signal lines are advanced over zero, the QQE MOD is displaying a buy signal.

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— $SPONGE (@spongeoneth) February 1, 2025