Buyers are dominating Sponge market
SPONGEUSDT Price Analysis – 01 March
If the $0.000462 resistance level holds, SPONGEUSDT can reverse and move back toward the $0.000455 support level. The price might drop to as low as $0.000400 and $0.000148 if bear pressure builds.
SPONGE/USD Market
Key levels:
Resistance levels: $0.000462, $0.000500, $0.000577
Support levels: $0.000455, $0.000400, $0.000148
SPONGEUSDT Long-term trend: Bullish
SPONGEUSDT appears to have a bright future as time goes on. The pink market has been steadily bolstered by bulls ever since the price movement of SPONGEUSDT broke out of the $0.000148 barrier on January 5. Every day, large, robust bullish candles are made. The bullish movement was started by the bullish engulfing candle. The resistance levels of $0.000462, $0.000500, and $0.000577 will be broken by the price as it rises above $0.000455.
The price trading above the Hull Suite at the close contact and the Hull Suite being close to the price will be signs of strong bullish momentum. Price will break over the $0.000462 resistance level as well as the $0.000500 and $0.000577 barrier levels if the bulls’ momentum continues to build. If the $0.000462 resistance level holds, the price can reverse and move back toward the $0.000455 support level. The price might drop to as low as $0.000400 and $0.000148 if bear pressure builds. A sell signal is shown by the QQE MOD, which is pointing lower and below zero levels.
Reasons for $SPONGE Coin’s Explosion
SPONGEUSDT medium-term Trend: Bullish
Regarding the medium-range forecast, SPONGEUSDT is performing exceptionally well. As is usual in a moving market, the bulls propelled the coin higher, breaking beyond $0.000400 and up to the resistance level of $0.000455, before it started to drop. The coin will surge past the set threshold after breaking above the $0.000455 barrier.
The fact that the coin is trading above the Hull Suite Crypto signals indicator suggests that the bulls have a lot of momentum. A strong purchase signal is produced by the histogram line heading higher and the QQE MOD being above zero levels.
As you discover that he is holding $SPONGE
When you find out he holds $SPONGE
💦💦🧽🧽#SPONGEV2 #Web3 #Crypto #Alts pic.twitter.com/riZLPfD866
— $SPONGE (@spongeoneth) March 1, 2024
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