Sponge (SPONGEUSDT): Bulls Resume Their March

Sponge may continue to purchase.

SPONGEUSDT Price Analysis – 12 December

SPONGE might be able to overcome the $0.000196 resistance level and begin an assault toward the $0.000330 and $0.000402 levels if the Bulls keep up their enthusiasm.

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000196, $0.000330, $0.000402

Support levels: $0.000136, $0.000081, $0.000006

SPONGEUSDT Medium-term Trend: Bullish

The long-term forecast for SPONGEUSDT is positive. The sponge market had a positive spark. Since November 20th, there has been downward pressure on the cryptocurrency. Later, the coin’s demand fell to $0.000081. The price retraced to test the $0.000136 resistance level that was broken. Since the price had already achieved the confluence at the predetermined level, additional price growth was allowed. The bulls have resumed their march, and the price is getting closer to the $0.000196 resistance level.

The SPONGE’s current closeness to the Hull Suite crypto signal indicates that bullish momentum is growing. When the QQE MOD’s histogram is above zero and heading north, it indicates a buy signal. SPONGE might be able to overcome the $0.000196 resistance level and begin an assault toward the $0.000330 and $0.000402 levels if the Bulls keep up their enthusiasm.

SPONGEUSDT Short-term Trend: Bullish

SPONGE is optimistic for the near future. The week before, Sponge was getting ready. The bearish impetus on the sponge market disappeared right after the consolidation action. Because of the bulls’ tremendous velocity, it will break out to the north. Buyer demand caused the coin to rise, demonstrating upward momentum.

At the moment, the price of sponge is rising and above the Hull Suite forex indicator. Given that the QQE MOD histogram is rising and is currently above zero, Sponge may continue to purchase.

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