Sponge Price: There Is an Increase in Investors’ Demand

Bears’ pressure increase in Sponge market

SPONGEUSDT Price Analysis – 18 March

Until it breaks through the resistance level of $0.000145, followed by the barrier levels of $0.000196 and $0.000330, Sponge will keep rising. The price has the potential to increase above $0.000330 with the bulls’ upward surge.

SPONGEUSDT 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 SPONGEUSDT is bullish at the moment. The currency’s price has been reduced to the previously set $0.000081 in an effort to attract more buyers. The currency’s price moved back and forth between the $0.000081 resistance and the $0.000040 support levels a few days ago. Ultimately, the bulls succeeded in breaking through the projected barrier level. On January 7, the price reached the $0.000145 barrier level due to the bulls’ fury.

The price level is getting closer to $0.000145 because to an increase in investor interest in Sponge. Growing bullish pressure is indicated by the price’s effort to break above the Hull Suite crypto signaling indicator. Until it breaks through the resistance level of $0.000145, followed by the barrier levels of $0.000196 and $0.000330, the price will keep rising. The price has the potential to increase above $0.000330 with the bulls’ upward surge.

SPONGEUSDT medium-term Trend: Bullish

The forecast for SPONGEUSDT is favorable in the short term. The rising demand from customers is driving up the sponge’s price. On January 7, the price movement retraced to the $0.000081 support level after testing the $0.000145 resistance level. The level could not be exceeded because there were more buyers. The bulls are gaining ground as the price is currently soaring toward $0.000145. More people and corporations will now have the opportunity to invest.

The QQE MOD is showing a purchase signal since the signal lines are advanced over zero and the Hull Suite value is lower.

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