Sponge might keep buying
SPONGEUSDT Price Analysis – 19 December
Bulls remain ardent, SPONGE may be able to break over the $0.000196 resistance level and launch an attack toward the $0.000330 and $0.000402 levels.
SPONGE/USDT Market
Key levels:
Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000136, $0.000081, $0.000006
SPONGEUSDT Medium-term Trend: Bullish
For SPONGEUSDT, the long-term outlook is favorable. There was a positive spark in the sponge market. The cryptocurrency has been under negative pressure since November 20th. Later, the coin’s demand fell to $0.000081. In order to test the previously broken resistance level of $0.000136, the price retraced. Further price growth was permitted because the price had already reached the confluence at the predefined level. The price is approaching the resistance level of $0.000196 as the bulls begin their march.
Bullish momentum is increasing, as evidenced by the SPONGE’s current proximity to the Hull Suite crypto signal. A purchase signal is shown when the QQE MOD’s histogram is northward and above zero. If the Bulls remain ardent, SPONGE may be able to break over the $0.000196 resistance level and launch an attack toward the $0.000330 and $0.000402 levels.
SPONGEUSDT Short-term Trend: Bullish
For SPONGE, the short-term outlook is positive. Sponge was preparing the week before. Following the consolidation action, the sponge market’s bearish momentum was instantly eliminated.
It s breaking out to the north due to the bulls’ amazing speed. The coin showed growing momentum as a result of buyers’ excitement.
Sponge is currently trading higher than the Hull Suite forex indicator. Sponge might keep buying since the QQE MOD histogram is currently climbing and above zero.
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— $SPONGE (@spongeoneth) December 15, 2024
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