Sponge (SPONGEUSDT): Buyers’ Pessure Indicate an Upward Trend

Sponge market is seeing bulls move once again

SPONGEUSDT Price Analysis – 09 December

If the Bulls maintain their momentum, Sponge may be able to break over the $0.000196 resistance level and launch an attack towards the $0.000330 and $0.000402 levels.

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

SPONGEUSDT has a favorable long-term outlook. There was a positive spark in the sponge market. The cryptocurrency has been under negative pressure since November 20th. The demand for the coin later dropped to $0.000081. To test the broken resistance level of $0.000136, the price had a retracement. Further price growth was permitted because the price had already reached the confluence at the predefined level. The price is approaching the $0.000196 resistance level as the bulls have resumed their movement.

Bullish momentum is increasing, as seen by the SPONGE current proximity to the Hull Suite crypto indicator. A purchase signal is shown by the QQE MOD with the histogram above zero level and trending north. If the Bulls maintain their momentum, SPONGE may be able to break over the $0.000196 resistance level and launch an attack towards the $0.000330 and $0.000402 levels.

SPONGEUSDT Short-term Trend: Bullish

SPONGE is hopeful in the short term. Sponge was preparing the week before. Immediately following the consolidation action, the bearish momentum on the sponge market vanished. It will break out to the north, thanks to the bulls’ strong momentum. The coin increased as a result of buyers desire, indicating upward momentum.

The price of sponge is currently climbing and above Hull Suite forex indicator. Sponge might keep buying since the histogram of QQE MOD is rising and currently stands at above zero level.

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A #SPONGER once is a SPONGER forever.

Once a #SPONGER, always a SPONGER 🧽️💛 pic.twitter.com/RRUNJDx18E

— $SPONGE (@spongeoneth) December 5, 2024