SPONGE (SPONGEUSDT) Price: Purchasing Power Dominates Market

SPONGE remained rising as more positive candles were lit

SPONGEUSDT Price Analysis – 04 December

If the resistance level of $0.000196 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 in Sponge market.

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000146, $0.000196, $0.000330

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 remained rising as more positive candles were lit. It is currently retesting the $0.000136 barrier after failing to breach the upward $0.000196 barrier.

Purchasing power dominates the SPONGE market. The above crypto signals indicator’s crossover indicates a favorable trend as long as the price stays above the Hull Suite. As long as the bulls keep rising, the trend might stay bullish. The price levels of $0.000196 and $0.000330 could be investigated if the resistance level of $0.000146 is broken higher. If the $0.000146 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 rising trend continued. The resistance level was exceeded at $0.000136. Due to the bulls’ increased push, the price is getting closer to the $0.000146 resistance level.

The cryptocurrency’s trading above the Hull Suite suggests a bull market. The price above the zero line of the QQE MOD crypto indicator indicates a gain.

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