Sponge (SPONGEUSDT) Price Will Rise Back to Its Previous Top at $0.000695

Buyers are increasing

SPONGEUSDT Price Analysis – 08 January

The Hull Suite is priced lower than the standard cost. Bullish momentum will intensify and retest the $0.000577 and $0.000695 barrier levels if Sponge breaks over $0.000500. Furthermore, a stronger positive increase might drive the price above $0.000695.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000500, $0.000577, $0.000695

Support levels: $0.000462, $0.000455, $0.000400

 

SPONGEUSDT Long-term Trend: Bullish

Positive signals for the future are currently seen on the daily SPONGEUSDT chart. The sponge market is probably going to rise back beyond its three-day high of $0.000886, given the positive trend. People can now wager on businesses and on themselves thanks to this. The price will eventually rise back to its previous top due to positive pressure. We expect the current strong resistance levels to become support levels following a positive breakout at the $0.000500 level. It’s still feasible to surpass the prior high of $0.000695.

The current trend has resulted in a price increase of over $0.000462, indicating the beginning of a price increase. The Hull Suite is priced lower than the standard cost. Bullish momentum will intensify and retest the $0.000577 and $0.000695 barrier levels if price breaks over $0.000500. Furthermore, a stronger positive increase might drive the price above $0.000695.

SPONGEUSDT medium-term Trend: Bullish

For the shorter time, SPONGEUSDT is up. An increase in customers will result in a price increase for the sponge. Before retracement below the $0.000500 support level, the price movement on January 06 broke above $0.000695 resistance level. While purchase varied, the $0.000695 resistance level remained constant. Bulls will continue to push the market upward and toward the $0.000577 barrier.

The price is above Hull Suite indicator and a buy is indicated by the QQ MOD indicator.

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— $SPONGE (@spongeoneth) January 8, 2024

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