Sponge Price: Strong Bullish Candles Are Showing Up

Buyers are exerting increasing pressure on Sponge market

SPONGE (SPONGEUSDT) Price Analysis – 28 October

The resistance levels of $0.000136, $0.000196, and $0.000330 might be the following goals for Sponge if the $0.000081 level holds. The $0.000006 and $0.000004 support levels can be examined if the $0.000081 support level is breached below

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 has hope for the future. Prices for sponges are directly correlated with customers demand. Every day, the number of bullish candles increased. The resistance level of $0.000136 was broken on September 6. The price smashed past a crucial resistance level at $0.000136. The price has moved both inside and outside of the indicated resistance levels during the last two weeks. These days, buyers are exerting increasing pressure on themselves to attract additional investments. At the moment, buyers are working harder to overcome the $0.000136 barrier.

The sponge’s QQE MOD is being crossed above zero, and the Hull Suite points northward, indicating that trade is active. The resistance levels of $0.000136, $0.000196, and $0.000330 might be the following goals if the $0.000081 level holds. The $0.000006 and $0.000004 support levels can be examined if the $0.000081 support level is breached below.

SPONGEUSDT Medium-term Trend: Bullish

The 4-hour Sponge chart shows a bullish trend. The $0.000136 resistance level seems to be under attack from the bulls right now. The market was not negatively impacted by the sellers’ actions. Strong bullish candles are showing up today, which suggests that buyers are picking up the pace. The price will increase and trend toward $0.000196 if it reaches $0.000136.

There is most likely more purchasing momentum because the coin is trading above the Hull Suite crypto signals. The histogram’s QQE MOD signal line rising above the zero level indicates a buy signal.

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— $SPONGE (@spongeoneth) October 27, 2024