Sponge (SPONGEUSDT) Price: Buyers Are Picking Up Speed
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Sponge (SPONGEUSDT) Price: Buyers Are Picking Up Speed

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Azeez Mustapha

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Sponge market accept more investors

SPONGE (SPONGEUSDT) Price Analysis – 20 October

If the $0.000081 level holds, the goals might be the resistance levels of $0.000136, $0.000330, and $1,786. If the support level of $0.000081 is broken on the downside, 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 long-term forecast is positive for Sponge. Customers aren’t exhausted yet. Sponge prices increase in response to customer pressure. The resistance level of $0.000136 failed to hold on September 6. The amount of daily bullish candles rose. The price broke through a significant price level 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: Buyers Are Picking Up Speed

Positive activity in the Sponge market is shown by 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 support level of $0.000081 is broken on the downside, the support levels of $0.000006 and $0.000004 can be tested.

SPONGEUSDT Medium-term Trend: Bullish

The 4-hour Sponge chart shows a bullish tendency. The market did not reverse in a bearish manner as a result of the sellers’ disruption. It seems that the bulls’ pressure has not yet been exhausted at the previously mentioned resistance level. Strong bullish candles developed on October 14th, suggesting that buyers are picking up speed. The price will surpass the $0.000136 barrier level and move toward $0.000196.

Sponge (SPONGEUSDT) Price: Buyers Are Picking Up Speed Given that the price is above the Hull Suite, it appears that purchasers are gaining more traction. A buy signal is visible on the QQE MOD.

JEETS OUT

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