SPONGE (SPONGEUSDT) Price: Bulls’ Pressure May Break Up $0.000330 Level

Buyers are increasing in Sponge market

SPONGEUSDT Price Analysis – 17 September

In the case that the $0.000262 resistance level is broken higher, SPONGEUSDT levels of $0.000330 and $0.000402 could be examined. Bears can find support at $0.000196, $0.000136, and $0.000081 if the $0.000196 resistance level holds.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000262, $0.000330, $0.000402

Support levels: $0.000196, $0.000136, $0.000081

SPONGEUSDT Long-term Trend: Bullish

Bullish on the daily SPONGEUSDT chart. The price increased progressively starting on May 28 and reached a peak of $0.000330. The bulls were able to break above the target level when a bullish engulfing candle formed. More positive candles were lit, and the SPONGE continued to rise. It broke through the upward $0.000262 barrier and is now up against the $0.000330 barrier.

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The SPONGE market is dominated by buying power. As long as the price remains above both Hull Suite, the crossover of the histogam over the zero level denotes a positive trend. The trend may continue to be bullish as long as the bulls continue to advance. In the case that the $0.000262 resistance level is broken higher, the price levels of $0.000330 and $0.000402 could be examined. Bears can find support at $0.000196, $0.000136, and $0.000081 if the $0.000196 resistance level holds.

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SPONGEUSDT medium-term Trend: Bullish

The four-hour SPONGEUSDT chart is trending upward. The Sponge market was dominated by buyers last week. The positive trend persisted as the pressure on the bulls increased with time. The resistance level at $0.000196 was surpassed higher. The price is moving toward the $0.000262 resistance level as a result of the bulls’ intensified pressure.

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It indicates a bullish market because the Crypto is trading above the Hull Suite crypto signals and the QQE MOD are above zero relative strength index period 14 is at 51 levels, and the signal lines are bending higher to imply a buy signal.

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— $SPONGE (@spongeoneth) September 13, 2024