SPONGE (SPONGEUSDT) Price Pulls Back to Retest $0.000136 Level

SPONGE continued to rise

SPONGEUSDT Price Analysis – 29 November

The trend may continue to be bullish as long as the bulls continue to advance. In the case that the $0.000196 resistance level is broken higher, the price levels of $0.000330 and $0.000402 could be examined. Bears can find support at $0.000136, $0.000081, and $0.000006 if the $0.000196 resistance level holds.

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

Bullish on the daily SPONGEUSDT chart. The price increased progressively starting on October 28 and reached a peak of $0.000196. The bulls were able to break above the target level when a bullish engulfing candle formed. More positive candles were lit, and the SPONGE continued to rise. It could not break through the upward $0.000196 barrier and is now retesting the $0.000136 barrier.

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The SPONGE market is dominated by buying power. As long as the price remains above the Hull Suite, the crossover of the above the crypto signals indicator just mentioned denotes a positive trend. The trend may continue to be bullish as long as the bulls continue to advance. In the case that the $0.000196 resistance level is broken higher, the price levels of $0.000330 and $0.000402 could be examined. Bears can find support at $0.000136, $0.000081, and $0.000006 if the $0.000196 resistance level holds.

SPONGEUSDT medium-term Trend: Bullish

The four-hour SPONGEUSDT chart is trending upward. The Sponge market was dominated by buyers last week. The positive trend persisted as the pressure on the bulls increased with time. The resistance level at $0.000136 was surpassed higher. The price is moving toward the $0.000196 resistance level as a result of the bulls’ intensified pressure.

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It indicates a bullish market because the Crypto is trading above the Hull Suite. The price is trading above the QQE MOD crypto indicator’s zero line, suggesting a positive gain.

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