Sponge (SPONGEUSDT) Price: Bulls Are Becoming More Active
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Sponge (SPONGEUSDT) Price: Bulls Are Becoming More Active

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Azeez Mustapha

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Price is controlled by buyers

SPONGE (SPONGEUSDT) Price Analysis – 22 October

If the $0.000081 level holds, the goals might be the resistance levels of $0.000136, $0.000330, and $1,786. If the bearish trend breaches the $0.000081 support level, the support levels of $0.000006 and $0.000004 can be tested

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000136, $0.000196, $$0.000330

Support levels: $0.000081, $0.000006, $0.000004

SPONGEUSDT Long-term Trend: Bullish

The future is bright for Sponge. Customers aren’t exhausted yet. The cost of sponges is increasing due to pressure from consumers. The $0.000136 resistance level was not upheld on September 6. Every day, there were more bullish candles. The price crossed a significant price criterion at $0.000136. The price fluctuated between the stated resistance levels last week. Toward the end of the week, sellers increased their pressure and broke the level in an attempt to attract more investors. Buyers are currently exerting more pressure and looking for the $0.000136 mark.

Sponge (SPONGEUSDT) Price: Bulls Are Becoming More Active

Positive activity in the Sponge market is shown by both the price trading above and the Hull Suite crypto signaling indicator. If the $0.000081 level holds, the goals might be the resistance levels of $0.000136, $0.000330, and $1,786. If the bearish trend breaches the $0.000081 support level, the support levels of $0.000006 and $0.000004 can be tested.

SPONGEUSDT Medium-term Trend: Bullish

The four-hour Sponge chart shows a bullish trend. There was no bearish market reversal as a result of the selling disruption. It looks as though the bulls’ pressure has not yet been removed at the previously noted resistance level. Strong bullish candles developed on October 14th, suggesting that buyers are picking up their pace. Once the price breaks through the $0.000136 barrier level, it will move up toward $0.000196.

Sponge (SPONGEUSDT) Price: Bulls Are Becoming More Active

It appears that purchasers are getting more active because the price is higher than that of the Hull Suite. A purchase signal appears on the QQE MOD.

Markets are becoming more volatile.

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