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Buyers’ momentum getting stronger
SPONGEUSDT Price Analysis – 11 January
If the price breaks over the $0.000577 level, bullish momentum will pick up steam and drive Sponge back to the $0.000695 and $0.000886 barrier levels. Moreover, a more robust positive growth can push the price beyond $0.000886.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000577, $0.000695, $0.000886
Support levels: $0.000500, $0.000462, $0.000403
SPONGEUSDT Long-term Trend: Bullish
On the daily SPONGEUSDT chart, there are currently positive signals for the future. Given the upward trend, it is anticipated that the sponge market will rebound and hit its three-day high of $0.000695. People can now wager on both businesses and themselves thanks to this. Positive pressure will eventually cause the price to return to its former peak. We expect the current strong resistance levels to become support levels following a successful breakthrough of the $0.000577 level. It remains possible to exceed the previous peak of $0.000695.
Given the current pattern, which shows that purchasers are growing, a price increase of more than $0.000577 is probably going to occur. It’s not as expensive as the Hull Suite generally is. If the price breaks over the $0.000577 level, bullish momentum will pick up steam and drive the price back to the $0.000695 and $0.000886 barrier levels. Moreover, a more robust positive growth can push the price beyond $0.000886.
SPONGEUSDT medium-term Trend: Bullish
SPONGEUSDT is up for a shorter period. The sponge’s price rises in response to an increase in clients. The price action on January 06 broke over the $0.000695 resistance level before falling below the $0.000500 support level. The $0.000695 barrier level held when buying took place. Bulls will keep driving the market higher and closer to the $0.000695 barrier.
The price above the Hull Suite signal, hence the QQ MOD indication suggests buying.
4,600,326,590 $SPONGE coins have been staked as of now
🌐 Daily Staking Update!
We've reached 4,600,326,590 $SPONGE tokens staked, currently valued at $3,963,388.83 with an impressive current 351% APY. 🚀
Join our thriving #SpongeV2 community today and grow with us! 🧽💦#AltSeason #CryptoStaking #Web3 pic.twitter.com/TV6JOfQssa
— $SPONGE (@spongeoneth) January 11, 2024
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