Sponge retreats towards $0.000886
SPONGEUSDT Price Analysis – 24 January
If the bulls can break through the resistance level at $0.000695 then they might climb as high as $0.000886 and $0.001298. If the resistance level of $0.000695 holds, Sponge can turn around and go back toward the support levels of $0.000886, $0.000695, and $0.000577.
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
On the daily SPONGEUSDT chart, bullish. Price surged past $0.001158 to its highest peak driven by the bulls’ momentum. The resistance level that was discovered has kept the price stable. This implies that in the SPONGEUSDT market, the previously indicated level is noteworthy. Right now, it retreats to draw in new investors. The market can turn around and the bears might seize the lead if the current daily candle is unable to close above the $0.000886 support level.
Since the Hull suite indicator is below the price, it keeps displaying a rising trend. The price is clearly trending higher and is currently trading far above the indicated level. If the bulls can break through the resistance level at $0.000695 then they might climb as high as $0.000886 and $0.001298. If the resistance level of $0.000695 holds, the price can turn around and go back toward the support levels of $0.000886, $0.000695, and $0.000577.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT 4-hour chart is trending upward. The price movement on the 4-hour chart has resulted in a double-bottom chart pattern close to the $0.000500 support level. The price rose after the initial breakdown at $0.000557. To retest the broken level, the price pulled back. The price rose to attempt the resistance level at $0.001158 following the second decline at $0.000695. Right now, the price is trying to cross over $0.001158.
The price as of now is more than the Hull Suite indicator. A purchase indication is shown by the green signal line when the QQE MOD is higher than the zero level.
#SpongeV2 is ready to seize control.
Get out of the way $PEPE#SpongeV2 is here to takeover 🔥$SPONGE #Web3 #Crypto #Altcoins pic.twitter.com/sEiHH65uTY
— $SPONGE (@spongeoneth) January 22, 2024
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