Sponge (SPONGEUSDT) Price Surpasses $0.000136

Sponge might keep buying

SPONGEUSDT Price Analysis – 17 December

If the Bulls maintain their zeal, SPONGE may be able to break through the $0.000196 resistance level and launch an attack toward the $0.000330 and $0.000402 levels.

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000196, $0.000330, $0.000402

Support levels: $0.000136, $0.000081, $0.000006

SPONGEUSDT Medium-term Trend: Bullish

For SPONGEUSDT, the long-term outlook is favorable. There was a positive spark in the sponge market. The cryptocurrency has been under negative pressure since November 20th. Later, the coin’s demand fell to $0.000081. In order to test the broken resistance level of $0.000136, the price retraced. Further price growth was permitted because the price had already reached the confluence at the predefined level. The price is approaching the $0.000196 resistance level as the bulls have resumed their march.

Bullish momentum is increasing, as evidenced by the SPONGE’s current proximity to the Hull Suite crypto signal. A purchase signal is shown when the QQE MOD’s histogram is northward and above zero. If the Bulls maintain their zeal, SPONGE may be able to break through the $0.000196 resistance level and launch an attack toward the $0.000330 and $0.000402 levels.

SPONGEUSDT Short-term Trend: Bullish

SPONGE has a positive outlook for the near term. Sponge was preparing the week before. Immediately following the consolidation action, the sponge market’s bearish momentum vanished. It will break out to the north due to the bulls’ amazing speed. The coin showed rising momentum as a result of buyer desire.

Sponge is currently trading higher than the Hull Suite forex indicator. Sponge might keep buying since the QQE MOD histogram is climbing and above zero right now.

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