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.

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.

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