SPONGEUSDT Price: Low Price Leads to High Investors

Increased investment in the sponge market

SPONGEUSDT Price Analysis – 30 January

If the bulls can break above the resistance level at $0.000695, they might get as high as $0.000886 and $0.001298. If the resistance level of $0.000695 holds, Sponge may turn around and go back to the support levels of $0.000575, $0.000458, and $0.000404.

Sponge/USD Market

Key levels:

Resistance levels: $0.000695, $0.000886, $0.001298

Support levels: $0.000575, $0.000458, $0.000404

SPONGEUSDT Long-term Trend: Bullish

SPONGEUSDT daily chart shows bullishness. The bulls’ fervor caused the price to reach its highest point of $0.001158 two weeks ago. The price has remained unchanged because of the identified resistance level. This implies that the previously mentioned level of the SPONGEUSDT market is important. At the moment, it withdraws money to pull in new investors. The market may move and the bears may take the lead if the current daily candle can close below the $0.000575 support level.

Since the Hull suite indicator is above the price, it keeps displaying a rising trend. Given that the price is already trading much above the recommended barrier, it is obvious that it will rise. If the bulls can break above the resistance level at $0.000695, they might get as high as $0.000886 and $0.001298. If the resistance level of $0.000695 holds, the price may turn around and go back to the support levels of $0.000575, $0.000458, and $0.000404.

SPONGEUSDT Medium-term Trend: Bullish

The 4-hour SPONGEUSDT chart is rising. The price movement on the 4-hour chart has created a double-top pattern close to the $0.001298 resistance level. The price fell after the initial breakdown at $0.000886. To retest the broken level, the price pulled back. Price fell in an attempt to breach the support level at $0.000575, following the second loss at $0.000695. Right now, the price is making an effort to retest the $0.000458 mark.

The Hull Suite indicator is higher than the current price. The red signal line signifies a sell when the QQE MOD is below the zero level.

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