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More Buyers than Sellers in Sponge Market
SPONGEUSDT Price Analysis – 18 March
There may be further upside in the SPONGEUSDT price if the currency breaks over the $0.000577 barrier mark. $0.000695 and $0.000886 represent the following growth targets. Price reductions to $0.000500, $0.000455, and $0.000400 are possible if the bears can hold the $0.000577 resistance level.
Key levels:
Supply levels: $0.000577, $0.000695, $0.000886
Demand levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term Trend: Bullish
SPONGEUSDT is bullish in the long term. Even though the value of the crypto last week stabilized at $0.000577, purchasers are still driving the SPONGEUSDT market higher. The price of sponges has increased and is very almost to the $0.000577 mark. More bullish daily candles appeared, and the level that was anticipated previously rose quickly. The sellers are being opposed by bulls, which is pressing the sponge market.
The Hull Suite Crypto signals’ pricing methodology suggests that the bulls’ momentum is building. Moreover, there is a chance that the QQE MOD Crypto signals will show a value rise that is bigger than zero. Following the price increase, there may be further upside in the SPONGEUSDT price if the currency breaks over the $0.000577 barrier mark. $0.000695 and $0.000886 represent the following growth targets. Price reductions to $0.000500, $0.000455, and $0.000400 are possible if the bears can hold the $0.000577 resistance level.
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SPONGEUSDT Medium-term Trend: Bullish
When considering things from a medium-term perspective, SPONGEUSDT is helpful. Over the preceding week, there were more buyers than sellers at the $0.000400 support level. The $0.000455 and $0.000500 resistance levels are crossed by the price. The resistance level to aim for is $0.000577. The price rises over the previously expected level and stays there. Given that bulls are again returning to the market, prices could surge even higher.
The price and the Hull Suite indicator are in agreement. A purchase in the QQE MOD is indicated by an upward-pointing histogram line.
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— $SPONGE (@spongeoneth) March 17, 2024
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