Bullish momentum will increase soon
SPONGEUSDT Price Analysis – 09 January
Sponge breaks above $0.000500, bullish momentum will pick up steam and retest the $0.000577 and $0.000695 barrier levels. Moreover, a more robust positive growth might push the price beyond $0.000695.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000500, $0.000577, $0.000695
Support levels: $0.000462, $0.000455, $0.000400
SPONGEUSDT Long-term Trend: Bullish
On the daily SPONGEUSDT chart, there are currently positive signals for the future. Given the upward trend, it is likely that the sponge market will rebound and surpass its three-day high of $0.000695. This has allowed people to wager on both companies and on themselves. Positive pressure will eventually cause Sponge to return to its former peak. After a successful breakout of the $0.000500 level, we anticipate that the present strong resistance levels will turn into support levels. It remains possible to exceed the previous peak of $0.000695.
With a price increase of more than $0.000462, the current trend suggests that a price increase is about to occur. The Hull Suite is less expensive than usual. If price breaks above $0.000500, bullish momentum will pick up steam and retest the $0.000577 and $0.000695 barrier levels. Moreover, a more robust positive growth might push the price beyond $0.000695.
SPONGEUSDT medium-term Trend: Bullish
SPONGEUSDT is up for a shorter period. The sponge’s price will go up in response to a rise in clients. The price movement on January 06 broke over the $0.000695 resistance level before retracing below the $0.000500 support level. The $0.000695 resistance level didn’t change when purchases did. Bulls will keep driving the market higher and closer to the $0.000577 barrier.
The QQ MOD indication suggests a buy, and the price is above the Hull Suite indicator.
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