Sponge (SPONGEUSDT) Price Is Heading Towards $0.000356 Level

Azeez Mustapha


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Price may break up $0.000356 level

SPONGEUSDT Price Analysis – 05 January

If Sponge breaks above $0.000330, bullish momentum will pick up speed and test the barrier levels of $0.000402 and $0.000501. Moreover, a more robust bullish rise might push the price beyond $0.000402.


Key levels:

Resistance levels: $0.000356, $0.000400, $0.000455

Support levels: $0.000310, $0.000250, $0.000192

SPONGEUSDT Long-term Trend: Bullish

On the daily SPONGEUSDT chart, there are currently positive signals for the future. Given the positive trend, the sponge market is most likely going to return above its three-day high of $0.000356. This has allowed people to gamble on companies and on themselves. Positive pressure will eventually cause the price to return to its former peak. After a positive breakout at the $0.000356 level, we anticipate that the present strong resistance levels will turn into support levels. Breaking through the previous high of $0.000356 is still possible.

Due to today’s inclination, pricing has risen beyond $0.000310, indicating the beginning of a price escalation. The Hull Suite is below the current market price. Bullish momentum will accelerate and test the barrier levels of $0.000400 and $0.000455 if price breaks over $0.000356. Furthermore, a stronger bullish increase might drive the price beyond $0.000356.

SPONGEUSDT medium-term Trend: Bullish

For the shorter time, SPONGEUSDT is up. An increase in customers will result in a price increase for the sponge. Before falling below the $0.000192 support level on December 14, the price movement tested the $0.000310 resistance level. While sales varied, the $0.000192 support level remained constant. Bulls will continue to put pressure on the market, pushing it closer to the $0.000356 barrier.

A buy signal is shown by the QQ MOD indicator signaling buy.

We refer to it as priorities

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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