SPONGE (SPONGEUSDT) Price : Support Level at $0.000196 May Hold

 Sponge market under buyers’ increased momentum

SPONGEUSDT Price Analysis – 23 September

The trend may remain bullish as long as the bulls continue to advance. In the case that the $0.000262 resistance level is breached higher, SPONGEUSDT levels of $0.000330 and $0.000402 could be examined. Support for bears is available at $0.000196, $0.000136, and $0.000081 if the resistance level at $0.000196 holds.

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

SPONGEUSDT daily chart is bullish. The price increased steadily starting on May 28 and reached a peak of $0.000330. 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 broke through the upward $0.000262 barrier and is currently under the pressure of bulls to push up against the $0.000330 barrier.

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The SPONGE market is dominated by purchasing power. As long as the price is above both Hull Suite, the histogam’s crossover over the zero level indicates a positive trend. The trend may remain bullish as long as the bulls continue to advance. In the case that the $0.000262 resistance level is breached higher, the price levels of $0.000330 and $0.000402 could be examined. Support for bears is available at $0.000196, $0.000136, and $0.000081 if the resistance level at $0.000196 holds.

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 SPONGEUSDT medium-term Trend: Bullish

The four-hour SPONGEUSDT chart shows an upward trend. The Sponge market was dominated by buyers last week. The positive trend persisted over time as pressure on the bulls increased. The resistance level was surpassed at $0.000196, which is higher. The price is moving toward the $0.000262 resistance level as a result of the bulls’ heightened pressure.

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The market is bullish since the QQE MOD is above the Hull Suite crypto signals and the signal lines are bending higher to indicate a buy signal. The QQE MOD is above the zero relative strength index period 14 at 51 levels.

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— $SPONGE (@spongeoneth) September 21, 2024