SPONGEUSDT Price May Break Through $0.000358 Barrier

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SPONGEUSDT Price Analysis – 29 February

The price may revert and head toward the $0.000252 support level if the $0.000358 resistance level holds. If bear pressure increases, the price may decline to levels as low as $0.000195 and $0.000148. The QQE MOD, which is pointing downward below zero levels, indicates a sell signal.

SPONGE/USD Market

Key levels:

Resistance levels: $0.000358, $0.000457, $0.000582

Support levels: $0.000252, $0.000195, $0.000148

SPONGEUSDT Long-term trend: Bullish

As time goes on, SPONGEUSDT seems to have a promising future. Bulls have been continuously supporting the pink market since January 5, when SPONGEUSDT’s price movement broke out of the $0.000148 level. Big, strong bullish candles are made every day. The bullish engulfing candle initiated the bullish movement. As the price rose above $0.000252, it will break through the resistance levels of $0.000358, $0.000457, and $0.000582.

Strong bullish momentum will be indicated by the price trading above the Hull Suite at the near contact and the Hull Suite being near to the price. If the bulls’ momentum keeps increasing, price will break above the $0.000358 resistance level as well as the $0.000457 and $0.000582 barrier levels. The price may revert and head toward the $0.000252 support level if the $0.000358 resistance level holds. If bear pressure increases, the price may decline to levels as low as $0.000195 and $0.000148. The QQE MOD, which is pointing downward below zero levels, indicates a sell signal.

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 SPONGEUSDT medium-term Trend: Bullish

In terms of the medium-term prediction, SPONGEUSDT is doing really well. The bulls drove the coin higher, breaking past $0.000148 and up to the resistance level of $0.000358, as is typical in a moving market, before it began to decline.  The coin breaks through the $0.000252 barrier and then soars above the designated level.

The bulls appear to have a lot of momentum because the coin is trading above the Hull Suite Crypto signals indicator. The upward-pointing histogram line and the QQE MOD being above zero levels result in a strong buy signal.

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— $SPONGE (@spongeoneth) February 26, 2024

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