SPONGEUSDT Price Is Attracting More Investors

Azeez Mustapha


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SPONGEUSDT Price Analysis – 02 January

The bulls may get as high as $0.000575 and $0.000695 if they can break above the resistance level at $0.000458. The price may reverse and return to the support levels of $0.000404, $0.000400, and $0.000310 if the resistance level of $0.000458 prevails.

Sponge/USD Market

Key levels:

Resistance levels: $0.000458, $0.000575, $0.000695

Support levels: $0.000404, $0.000400, $0.000310

SPONGEUSDT Long-term Trend: Bullish

The SPONGEUSDT daily chart shows bullishness. A few weeks ago, the price reached its peak at $0.001158 due to the passion of the bulls. The price has remained unchanged because of the identified resistance level. This suggests that the SPONGEUSDT market’s previously mentioned level is significant. It currently takes money out of the system to entice new investors. If the current daily candle closes below the $0.000404 support level, the market can move, and the bears might seize the lead.

The Hull suite indicator continues to show a rising trend because it is above the price. The price will rise because it is now trading much over the suggested threshold. The bulls may get as high as $0.000575 and $0.000695 if they can break above the resistance level at $0.000458. The price may reverse and return to the support levels of $0.000404, $0.000400, and $0.000310 if the resistance level of $0.000458 prevails according to the Crypto signal.

SPONGEUSDT Medium-term Trend: Bullish

The SPONGEUSDT 4-hour chart is climbing. The 4-hour chart’s price movement has produced a double top pattern near the $0.001298 resistance level. Following the initial fall at $0.000886, the price fell. To retest the broken level, the price pulled back. In an attempt to breach the support level at $0.000404, the price fell following the second loss at $0.000695. Right now, the price is making an effort to break down the $0.000404 mark.

Right now, the Hull Suite icon denotes a discounted price. When the QQE MOD falls below zero, the red signal line indicates a sell.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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