SPONGE (SPONGEUSDT) Price Is Heading Toward $0.000196 Level

SPONGE kept rising as more positive candles were lit

SPONGEUSDT Price Analysis – 02 December

As long as the bulls keep moving forward, the trend might stay positive. The price levels of $0.000330 and $0.000402 could be investigated if the $0.000196 resistance level is broken higher. If the $0.000196 resistance level holds, bears can find support at $0.000136, $0.000081, and $0.000006.

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 daily SPONGEUSDT chart is bullish. Beginning on October 28, the price rose steadily until it peaked at $0.000196. The formation of a bullish engulfing candle allowed the bulls to breach above the target level. The SPONGE kept rising as more positive candles were lit. It is currently retesting the $0.000136 barrier after failing to penetrate the upward $0.000196 barrier.

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Buying power dominates the SPONGE market. The above-the-crypto signals indicator’s crossing indicates a favorable trend as long as the price stays above the Hull Suite. As long as the bulls keep moving forward, the trend might stay positive. The price levels of $0.000330 and $0.000402 could be investigated if the $0.000196 resistance level is broken higher. If the $0.000196 resistance level holds, bears can find support at $0.000136, $0.000081, and $0.000006.

SPONGEUSDT medium-term Trend: Bullish

The SPONGEUSDT four-hour chart is showing an increasing trend. Last week, buyers controlled the sponge market. As the pressure on the bulls grew over time, the upward trend continued. Higher, the resistance level at $0.000136 was overtaken. Because of the increased pressure from the bulls, the price is heading toward the $0.000196 resistance level.

.000196 Level" width="1281" height="573" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/12/4-hours-4.png"/> The fact that the cryptocurrency is trading above the Hull Suite suggests a bull market. The price is above the zero line of the QQE MOD crypto indicator, indicating a gain.

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What’s up with the no-coiners?

how are the no-coiners doing? pic.twitter.com/kFuEfOxQrx

— $SPONGE (@spongeoneth) November 29, 2024