Sponge (SPONGEUSDT) Is Breaking Above $0.000199 Level

Bulls’ pressure continues to build

SPONGEUSDT Price Analysis – 07 October

Price will break above the $0.000199 resistance level, followed by the $0.000253 and $0.000330 resistance levels. Price may rise above $0.000330 if bulls’ pressure continues to build.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000199, $0.000253, $0.000330

Support levels: $0.000136, $0.00017, $0.0004

SPONGEUSDT Long-term Trend: Bullish

The SPONGEUSDT daily chart currently indicates a bright future. Two weeks ago, the coin was stuck between the $0.0004 support and $0.00017 resistance levels. Despite their initial attempt to break over the resistance level at $0.00017, the bulls were ultimately able to breach over the critical level. The zeal of the bulls caused the price to reach the $0.00196 barrier level on September 7. At the predetermined price, the coin was reduced to let other purchasers to purchase it. At the moment, Sponge is trying to break up $0.000199 resistance level.

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As the bulls gather momentum and break above the $0.00136 resistance level, the price is getting closer to the $0.00199 level. As the price tries to break above the Hull Suite crypto signals indicator, bull pressure seems to be increasing. Price will break above the $0.000199 resistance level, followed by the $0.000253 and $0.000330 resistance levels. Price may rise above $0.000330 if bulls’ pressure continues to build. The signal line of the QQE MOD indicator is crossing above zero, indicating a purchase signal.

SPONGEUSDT medium-term Trend: Bullish

According to SPONGEUSDT, the lower time frame is favorable. The $0.001966 resistance level was tested by the price movement on September 7. After then, it fell back to the $0.00017 support level. The level held despite the bearish push. The market is currently rising toward $0.000199 as the bulls seize control of the situation. This is to enable investors, both private and corporate.

.000199 Level" width="580" height="259" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/10/4-hours-18-1024x458.png"/> The QQE MOD histogram is rising above the zero level, and the purchase signal lines are clearly visible.

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spending the entire night watching the charts with the boys.

Doing an all nighter with the boys watching the charts. 🚀 pic.twitter.com/Yr51jaJkJJ

— $SPONGE (@spongeoneth) October 5, 2024