Sponge (SPONGEUSDT) Price: Bullish Momentum Is Growing

Sponge market in a positive sparking

SPONGEUSDT Price Analysis – 18 December

SPONGE might be able to breach the $0.000196 resistance level and begin an assault toward the $0.000330 and $0.000402 levels if the Bulls continue to be fervent.

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

The long-term forecast for SPONGEUSDT is positive. The sponge market had a positive spark. Since November 20th, there has been downward pressure on the cryptocurrency. The demand for the coin later dropped to $0.000081. The price retraced to test the $0.000136 resistance level that had been broken. Since the price had already achieved the confluence at the predetermined level, additional price growth was allowed. The bulls have started their march, and the price is getting closer to the resistance level of $0.000196.

The SPONGE’s current closeness to the Hull Suite crypto signal indicates that bullish momentum is growing. When the QQE MOD’s histogram is northward and above zero, a buy signal is displayed. SPONGE might be able to breach the $0.000196 resistance level and begin an assault toward the $0.000330 and $0.000402 levels if the Bulls continue to be fervent.

SPONGEUSDT Short-term Trend: Bullish

The short-term forecast for SPONGE is favorable. The week before, Sponge was getting ready. The bearish momentum in the sponge market was immediately eliminated after the consolidation action. The bulls’ incredible speed will cause it to break out to the north.

The eagerness of buyers caused the coin to display increasing momentum. At the moment, Sponge is trading above the Hull Suite forex indicator. Given that the QQE MOD histogram is currently rising and above zero, Sponge may continue to purchase.

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— $SPONGE (@spongeoneth) December 17, 2024