Sponge (SPONGEUSDT) Might Move Above $0.000330 Level

Bulls holds on to Sponge market

SPONGEUSDT Price Analysis – 03 October

If the bulls’ momentum keeps increasing, the price will break above the $0.000196 resistance level, which is followed by the $0.000253 and $0.000330 resistance levels. SPONGEUSDT might move above $0.000330 if bull pressure keeps increasing.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000196, $0.000253, $0.000330

Support levels: $0.000136, $0.00017, $0.0004

SPONGEUSDT Long-term Trend: Bullish

The daily chart of SPONGEUSDT now shows a promising future. The coin was mired two weeks ago in a range between the $0.0004 support level and the $0.00017 resistance level. In the end, the bulls succeeded in breaking over the crucial level despite their initial attempt to shatter the resistance level at $0.00017. On September 7, the price reached the $0.00196 barrier level due to the bulls’ fervor. The price pulled back at the designated level to provide other buyers the chance to purchase the coin.

The price is approaching the $0.00196 level as the bulls gain more traction and break over the $0.00136 resistance level. Bull pressure appears to be growing as the price attempts to break above the Hull Suite crypto signals indicator. If the bulls’ momentum keeps increasing, the price will break above the $0.000196 resistance level, which is followed by the $0.000253 and $0.000330 resistance levels. Price might move above $0.000330 if bull pressure keeps increasing. The QQE MOD indicator’s signal line is crossing above zero to suggest a buy signal.

SPONGEUSDT medium-term Trend: Bullish

The lower time frame is positive, per SPONGEUSDT. The $0.00196 resistance level was tested by the price movement on September 7. It then retraced to the support level at $0.00017. Despite the bearish push, the level held. As the bulls take control of the market, it is currently soaring toward $0.000196. This is to give businesses and individuals the chance to invest.

The buy signal lines are evident, and the QQE MOD histogram is increasing above the zero level.

Moving forth and up!

Onwards and upwards 🚀 pic.twitter.com/J2c7ZVEUdK

— $SPONGE (@spongeoneth) September 23, 2024

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