Sponge (SPONGEUSDT) Is Under Positive Pressure

A purchase signal is shown at $0.000136

SPONGEUSDT Price Analysis – 25 December

If the Bulls remain ardent, SPONGE may be able to break over the $0.000196 resistance level and launch an attack toward 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

For SPONGEUSDT, the long-term outlook is favorable. 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. In order to test the previously broken resistance level of $0.000136, the price retraced. Further price growth was permitted because the price had already reached the confluence at the predefined level. The price is approaching the resistance level of $0.000196 as the bulls begin their march.

Bullish momentum is increasing, as evidenced by the SPONGE’s current proximity to the Hull Suite crypto signal. A purchase signal is shown when the QQE MOD’s histogram is northward and above zero. If the Bulls remain ardent, SPONGE may be able to break over the $0.000196 resistance level and launch an attack toward the $0.000330 and $0.000402 levels.

SPONGEUSDT Short-term Trend: Bullish

For SPONGE, the short-term outlook is positive. Sponge was preparing the week before. Following the consolidation action, the sponge market’s bearish momentum was instantly eliminated. It will break out to the north due to the bulls’ amazing speed.

The coin showed growing momentum as a result of buyers’ excitement.
Sponge is currently trading higher than the Hull Suite forex indicator. Sponge might keep buying since the QQE MOD histogram is currently climbing and above zero.

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To all of the #SPONGERS worldwide, happy Christmas!

Merry Christmas to all the #SPONGERS around the world 🧽🎄

Now go touch some grass 💦💦 pic.twitter.com/8sPj37mlrK

— $SPONGE (@spongeoneth) December 25, 2024