SPONGEUSDT Price Is Targeting $0.000886 Level

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.

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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.

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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.

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🧵1/3 pic.twitter.com/YZzXOlKmHY

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