Sponge market under buyers’ control
SPONGEUSDT Price Analysis – 19 September
As long as the bulls keep moving forward, the trend could stay bullish. SPONGEUSDT levels of $0.000330 and $0.000402 could be investigated in the event that the $0.000262 resistance level is breached higher. If the resistance level at $0.000196 holds, bears can find support at $0.000196, $0.000136, and $0.000081.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000262, $0.000330, $0.000402
Support levels: $0.000196, $0.000136, $0.000081
SPONGEUSDT Long-term Trend: Bullish
On the daily SPONGEUSDT chart, bullish. Beginning on May 28, the price gradually rose until it peaked at $0.000330. When a bullish engulfing candle developed, the bulls were able to break above the target level. Additional affirmative candles were lighted, and the SPONGE kept rising. It is currently up against the $0.000330 barrier after breaking through the upward $0.000262 barrier.
Purchasing power dominates the SPONGE market. A bullish trend is indicated by the histogam’s crossover over the zero level as long as the price is above both Hull Suite. As long as the bulls keep moving forward, the trend could stay bullish. The price levels of $0.000330 and $0.000402 could be investigated in the event that the $0.000262 resistance level is breached higher. If the resistance level at $0.000196 holds, bears can find support at $0.000196, $0.000136, and $0.000081.
SPONGE V2, THE NEXT POSSIBLE 100X MEMECOIN
SPONGEUSDT medium-term Trend: Bullish
There is an increasing trend on the four-hour SPONGEUSDT chart. Last week, buyers dominated the Sponge market. With time, as pressure mounted on the bulls, the favorable trend held. Higher, the resistance level at $0.000196, was exceeded. The increased pressure from the bulls is pushing the price in the direction of the $0.000262 resistance level.
The fact that the QQE MOD is above zero relative strength index period 14 is at 51 levels, the market is bullish as the cryptocurrency is trading above the Hull Suite crypto signals and the signal lines are bending higher to provide a buy signal.
Season of #MemeCoin is coming.
#MemeCoin season incoming… 🧽 pic.twitter.com/IQ0JAXO2cO
— $SPONGE (@spongeoneth) September 6, 2024
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