Pressure on bulls is increasing over time.
As long as the bulls keep pushing SPONGEUSDT, there may be more good action. If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels around $0.000136, $0.000081, and $0.000006 if the resistance level of $0.000196 persists.
SPONGE/USDT Market
Key levels:
Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000136, $0.000081, $0.000006
SPONGEUSDT Long-term Trend: Bullish
The SPONGEUSDT is in a bullish situation, according to the daily chart. The price has surged to a high of $0.000196 due to the bullish trend that started on October 28. When a bullish harami candle appeared, the bulls crossed over the stated level. The SPONGE continued to rise as more bullish candles were created. It is now getting close to the $0.000196 level after breaking through the $0.000136 barrier.
The SPONGE market is dominated by buyers. The price is trading above the zero line on the QQE MOD crypto indicator, indicating a bullish advance, but the Hull Suite has crossed below the price. As long as the bulls keep pushing, there may be more good action. If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels around $0.000136, $0.000081, and $0.000006 if the resistance level of $0.000196 persists.
SPONGEUSDT medium-term Trend: Bullish
The SPONGE market is dominated by buyers. The price is trading above the zero line on the QQE MOD crypto indicator, indicating a bullish advance, but the Hull Suite has crossed below the price. As long as the bulls keep pushing, there may be more good action. If the resistance level of $0.000196 is broken higher, the price levels of $0.000330 and $0.000402 might be attempted. Bears may find support levels around $0.000136, $0.000081, and $0.000006 if the resistance level of $0.000196 persists.
The cryptocurrency is trading above the Hull Suite crypto signal, indicating a bull market, while the QQE MOD indicator is heading upward. The signal lines bending upward indicate a purchase signal.
Don’t reveal your true identity to them.
[xyz-ihs snippet="Markets"]Don’t let them know who you really are 🧽️ pic.twitter.com/4Gi1NgsEgo
— $SPONGE (@spongeoneth) November 11, 2024
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