SPONGE (SPONGEUSDT) Price: Purchasing Power Is Dominant in Sponge Market

 Bulls are currently applying pressure

SPONGEUSDT Price Analysis – 25 September

SPONGEUSDT levels of $0.000330 and $0.000402 could be investigated in the event that the $0.000262 resistance level is broken higher. If the resistance level at $0.000262 holds, bears have support around $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

The daily chart of SPONGEUSDT is positive. Beginning on May 28, the price grew gradually until reaching a peak of $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. Bulls are currently applying pressure to take it past the $0.000330 barrier after it broke through the upward $0.000262 barrier.

Purchasing power is the dominant factor in 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 Suites. As long as the bulls keep moving forward, the trend might stay bullish. The price levels of $0.000330 and $0.000402 could be investigated in the event that the $0.000262 resistance level is broken higher. If the resistance level at $0.000262 holds, bears have support around $0.000196, $0.000136, and $0.000081.

With Over $17 Million Staked, Sponge V2 This Item Will Be Very Large!

 SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT four-hour chart exhibits a rising trend. Last week, buyers dominated the Sponge market. As pressure on the bulls mounted, the good trend continued. It exceeded the resistance level at $0.000196, which is higher. Price is approaching the resistance level of $0.000262 as a result of increased pressure from the bulls.

Given that the QQE MOD is above the zero level, Hull Suite crypto signals and that the signal lines are bending higher to suggest a buy signal, the market is positive.

Start using a world-class auto trading solution

Guys, it’s Wednesday.

It’s Wednesday my dudes 🧽💦 pic.twitter.com/4rB0jA3DV3

— $SPONGE (@spongeoneth) September 25, 2024