SPONGEUSDT Price May Break Through $0.000886 Resistance Level

Bulls are increasing in the Sponge market

SPONGEUSDT Price Analysis – 07 February

The bulls may get as high as $0.000996 and $0.001158 if they can break above the resistance level at $0.000886. SPONGEUSDT 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

Bullish on the daily SPONGEUSDT chart. The bulls’ fervor caused the price to climax at $0.001158 on January 24. The resistance level that was discovered prevented the price from moving. This implies that the previously indicated level of the SPONGEUSDT market is noteworthy. Money was removed last week in an attempt to draw in new investors. The bears took the lead as the market moved. Buyers control the market when the daily candle closes above the $0.000886 level.

Since the Hull suite indicator is above the price, it keeps displaying a rising trend. Given that the price is currently trading much above the recommended barrier, it is evident that it is rising. Crypto signals says : If the bulls can break above the resistance level at $0.000886 then they might get as high as $0.000996 and $0.001158. If the resistance level at $0.000886 holds, the price can reverse and return to the support levels around $0.000697, $0.000580, and $0.000500.

SPONGEUSDT Medium-term Trend: Bullish

SPONGEUSDT’s 4-hour chart is rising. The price movement on the 4-hour chart has resulted in a double bottom formation close to the $0.000500 support level. The price rose after the initial breakdown at $0.000557. To retest the level that was breached, the price is rising. The price: Right now, the price is trying to overcome the $0.000886 barrier.

The Hull Suite indicator is higher than the current price, as indicated by the cost of the Crypto signal. A buy is indicated by the blue signal line when the QQE MOD is greater than zero.

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