SPONGE (SPONGEUSDT) Price Keeps Rising

Bulls were gradually facing more pressure

There might be further positive action as long as the bulls continue to push. The price levels of $0.000330 and $0.000402 could be tried if the resistance level of $0.000196 is broken higher. If the resistance level of $0.000196 holds, bears may find support levels 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 chart indicates that SPONGEUSDT is in a bullish state. The bullish trend that began on October 28 has caused the price to increase to a high of $0.000196. The bulls broke through the indicated level when a bullish harami candle formed. As additional bullish candles were produced, the SPONGE kept rising. After rising above the $0.000136 barrier, it is now approaching the $0.000196 level.

Buyers are dominating the SPONGE market. The Hull Suite has crossed below the price, and the price is trading above the zero line on the QQE MOD crypto indicator, suggesting a bullish advance. There might be further positive action as long as the bulls continue to push. The price levels of $0.000330 and $0.000402 could be tried if the resistance level of $0.000196 is broken higher. If the resistance level of $0.000196 holds, bears may find support levels at $0.000136, $0.000081, and $0.000006.

SPONGEUSDT medium-term Trend: Bullish

The 4-hour SPONGEUSDT chart is bullish. Buyers controlled the sponge market last week. The bullish trend continued, and the bulls were gradually facing more and more pressure. The resistance level of $0.000196 was tested. Because the bulls were able to exert more pressure, the price is currently going toward the resistance level of $0.000196.

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The QQE MOD indicator is trending upward, and the cryptocurrency is trading above the Hull Suite crypto signal, which denotes a bull market. A buy indication is shown by the signal lines bending up.

Can you manage the Damp?

Can you handle the damp? 💦 pic.twitter.com/2rlEPpbUgn

— $SPONGE (@spongeoneth) November 13, 2024