Sponge (SPONGEUSDT) Price: Bulls Will Continue to Push Market Upward

Azeez Mustapha


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Price will break over $0.000577 mark

SPONGEUSDT Price Analysis – 12 January

Bullish momentum will gain steam and push the Sponge back to the $0.000695 and $0.000886 barrier levels if the price breaks over the $0.000577 mark. Furthermore, a stronger positive growth can cause the price to rise above $0.000886.


Key levels:

Resistance levels: $0.000577, $0.000695, $0.000886

Support levels: $0.000500, $0.000462, $0.000403


SPONGEUSDT Long-term Trend: Bullish

Positive signals for the future are currently seen on the daily SPONGEUSDT chart. Sponge market is expected to recover and reach its three-day high of $0.000695, given the rising trend. This has allowed people to bet on themselves as well as on corporations. The price 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.

As buyers appear to be increasing, based on the existing pattern, a price increase over $0.000577 is likely to transpire. It’s not as costly as the Hull Suite in most cases. Bullish momentum will gain steam and push the price back to the $0.000695 and $0.000886 barrier levels if the price breaks over the $0.000577 mark. Furthermore, a stronger positive growth can cause the price to rise above $0.000886.

SPONGEUSDT medium-term Trend: Bullish

For the shorter time, SPONGEUSDT is up. A growth in customers causes the price of the sponge to climb. On January 06, the price action crossed over the $0.000695 resistance level and then dropped below the $0.000500 support level. When purchasing occurred, the $0.000695 barrier level was maintained. Bulls will continue to push the market upward and into the $0.000695 barrier.

The QQE MOD indication encourages buying because the price is above the Hull Suite signal.

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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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