SPONGEUSDT Price Is Pulling Back to Retest $0.000695 Level

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Sellers are trying to dominate market

SPONGEUSDT Price Analysis – 25 January

The bulls may get as high as $0.000886 and $0.001298 if they can overcome the resistance level at $0.000695. Sponge may reverse and return to the support levels of $0.000886, $0.000695, and $0.000577 if the resistance level of $0.000695 prevails.

Sponge/USD Market

Key levels:

Resistance levels: $0.000695, $0.000886, $0.001298

Support levels: $0.000886, $0.000695, $0.000577

SPONGEUSDT Long-term Trend: Bullish

Bullish on the daily SPONGEUSDT chart. The bulls’ momentum sent the price past $0.001158 to reach its biggest peak. The price has remained steady due to the identified resistance level. This suggests that the previously mentioned level is significant in the SPONGEUSDT market. It retreats at the moment to attract fresh investors. If the current daily candle cannot close above the $0.000886 support level, the market may turn and the bears may take the lead.

The Hull suite indicator continues to show a rising trend because it is below the price. The price is already trading well above the suggested level and is obviously on the rise. The bulls may get as high as $0.000886 and $0.001298 if they can overcome the resistance level at $0.000695. The price may reverse and return to the support levels of $0.000886, $0.000695, and $0.000577 if the resistance level of $0.000695 prevails.

SPONGEUSDT Medium-term Trend: Bullish

The SPONGEUSDT 4-hour chart is going upward. The 4-hour chart’s price action has produced a double bottom pattern near the $0.000500 support level. Following the initial breakdown at $0.000557, the price increased. The price retreated to retest the broken level. After the second dip at $0.000695, the price increased to try and break the resistance level at $0.001158. According to the crypto signal, the price is currently attempting to surpass $0.001158.

Right now, the price exceeds the Hull Suite indicator. When the QQE MOD is greater than the zero level, the green signal line indicates a purchase.

We intend to pursue you.

Hey, $BONK…

We’re coming for you 🤫#BONK #SpongeV2 #SPONGE #PEPE #MemeCoin #Crypto #Alts pic.twitter.com/ZjLYW0MLR3

— $SPONGE (@spongeoneth) January 25, 2024

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