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Buyers are increasing in Sponge market
SPONGEUSDT Price Analysis – 06 February
The bulls may get as high as $0.000996 and $0.001158 if they can break above the resistance level at $0.000886. Sponge may reverse and return to the support levels of $0.000697, $0.000580, and $0.000500 if the resistance level of $0.000886 holds.
Sponge/USD Market
Key levels:
Resistance levels: $0.000886, $0.000996, $0.001158
Support levels: $0.000697, $0.000580, $0.000500
SPONGEUSDT Long-term Trend: Bullish
The daily SPONGEUSDT chart is bullish. On January 24, the price peaked at $0.001158 due to the zeal of the bulls. The price did not move due to the resistance level that was found. This suggests that the SPONGEUSDT market‘s previously indicated level is significant. Last week, funds were taken out to entice new investors. As the market moved, the bears assumed the lead. Buyers will control the market if the current daily candle can close above the $0.000886 resistance level.
The Hull suite indicator continues to show a rising trend because it is above the price. The price is growing because it is currently trading much over the suggested threshold. The bulls may get as high as $0.000996 and $0.001158 if they can break above the resistance level at $0.000886. The price may reverse and return to the support levels of $0.000697, $0.000580, and $0.000500 if the resistance level of $0.000886 holds. Join best forex signals telegram.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT is climbing in the 4-hour chart. Near the $0.000500 support level, the price movement on the 4-hour chart has produced a double bottom pattern. Following the initial breakdown at $0.000557, the price increased. The price is rising to retest the breached level. The resistance level at $0.000886 may be broken by the price. The price is currently attempting to break above the $0.000886 barrier.
The cost of the Crypto signal indicates that the Hull Suite indicator is greater than the current price. When the QQE MOD is higher than zero, the blue signal line indicates a purchase.
Here are some crucial details regarding $SPONGE V2 to keep in mind!
📣 Attention, #SPONGERS!
Here is some important information to remember about $SPONGE V2!$SPONGE V1 has officially been discontinued, and V2 has been launched on #Polygon! 🔥
Learn more about the token details below 👇https://t.co/TCdxgXx40w
🧵1/3 pic.twitter.com/YZzXOlKmHY
— $SPONGE (@spongeoneth) February 6, 2024
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