Sponge (SPONGEUSDT) Price: A Stronger Positive Growth Cause Price to Rise Above $0.000577

Azeez Mustapha


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Bulls are pushing higher

SPONGEUSDT Price Analysis – 10 January

Bullish momentum will intensify and push Sponge back to the $0.000886 and $0.000997 barrier levels if it breaks over $0.000695 level. Furthermore, a stronger positive growth could cause the price to rise above $0.000997.


Key levels:

Resistance levels: $0.000695, $0.000886, $0.000997

Support levels: $0.000577, $0.000500, $0.000462

SPONGEUSDT Long-term Trend: Bullish

Positive signals for the future are currently seen on the daily SPONGEUSDT chart. The sponge market is expected to recover and reach its three-day high of $0.000695, given the rising trend. This has made it possible for people to bet on themselves as well as on businesses. Sponge will eventually rise back to its previous top due to positive pressure. We expect the current strong resistance levels to become support levels following a successful breakthrough of the $0.000577 level. It is still feasible to surpass the prior high of $0.000695.

The current trend indicates that buyers are increasing and is likely to continue with a price increase of more than $0.000577. The Hull Suite is not as costly as it usually is. Bullish momentum will intensify and push the price back to the $0.000886 and $0.000997 barrier levels if it breaks over $0.000695 level. Furthermore, a stronger positive growth could cause the price to rise above $0.000997.

SPONGEUSDT medium-term Trend: Bullish

For the shorter time, SPONGEUSDT is up. An increase in customers result in a price increase for the sponge. Before retreating beneath the $0.000500 support level, the price movement on January 06 broke over the $0.000695 resistance level. When buying occurred, the $0.000695 resistance level remained unchanged. Bulls will continue to push the market upward and toward the $0.000695 barrier.

Because the price is higher than the Hull Suite indicator, the QQ MOD indication points to a buy.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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