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Sponge market is driven by the bulls
SPONGEUSDT Price Analysis – 16 March
If the $0.000577 resistance level persists, SPONGEUSDT can retrace and head toward the $0.000500 support level. If bear pressure increases, the price might fall as low as $0.0000455 and $0.000400. The QQE MOD is pointing higher and above zero levels, indicating a buy signal.
SPONGE/USD Market
Key levels:
Supply levels: $0.000577, $0.000695, $0.000886
Demand levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term trend: Bullish
As time goes on, SPONGEUSDT seems to have a promising future. Bulls have consistently backed the bullish market ever since the SPONGEUSDT price movement broke over the $0.000148 line on January 5. Big, strong bullish candles are made every day. The bullish engulfing candle initiated the bullish movement. Once the price breaks above the $0.0000400 level, it will move past the resistance levels of $0.000455, and $0.000500.
Strong bullish momentum will be indicated by the price trading above the Hull Suite at the close contact and the Hull Suite being near to the price. If the bulls’ momentum keeps increasing, price will break above the $0.000577 resistance level as well as the $0.000695 and $0.000886 barrier levels. If the $0.000577 resistance level persists, the price can retrace and head toward the $0.000500 support level. If bear pressure increases, the price might fall as low as $0.0000455 and $0.000400. The QQE MOD is pointing higher and above zero levels, indicating a buy signal.
SPONGEUSDT medium-term Trend: Bullish
When looking at things from a medium-range perspective, SPONGEUSDT is doing okay. The price was driven higher by the bulls, as is common in a dynamic market, breaking over $0.000400 and up to the resistance level of $0.000577. The coin will rise over the predetermined level as soon as it breaks through the $0.000577 barrier.
The bulls appear to have a lot of momentum because the coin is trading above the Hull Suite Crypto signals indicator. The rising histogram line with the QQE MOD being above zero levels indicate a strong buy signal.
SLEEP UP THE DAMP DAMP!
ABSORB THE DAMPPPPP!!! 🧽🧽💦💦#SpongeV2 #MemeCoin #Altcoins pic.twitter.com/0CsFQNUL1z
— $SPONGE (@spongeoneth) March 15, 2024
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