SPONGEUSDT Price: Resistance Level $0.000886 May Be Broken Upside

Buyers are exerting pressure in Sponge market

SPONGEUSDT Price Analysis – 09 February

The bulls could get as high as $0.000996 and $0.001158 if they can overcome the resistance level of $0.000886. SPONGEUSDT may reverse and return to the support levels around $0.000697, $0.000580, and $0.000500 if the resistance level at $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

On the daily chart, SPONGEUSDT is bullish. On January 24, the price peaked at $0.001158 due to the zeal of the bulls. The price was unable to move past the identified resistance level. This suggests that the SPONGEUSDT market’s previously mentioned level is significant. Last week, money was taken out to attract additional investors. As the market moved, the bears gained ground. The market is under the buyers’ grip when the daily candle closes above the $0.000886 threshold.

.000886 May Be Broken Upside" width="580" height="262" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/02/Daily-23-1024x463.png"/>

The Hull suite indicator continues to show a rising trend because it is above the price. It is clear that the price is growing because it is currently trading much over the suggested threshold. The bulls could get as high as $0.000996 and $0.001158 if they can overcome the resistance level of $0.000886. The price may reverse and return to the support levels around $0.000697, $0.000580, and $0.000500 if the resistance level at $0.000886 holds.

SPONGEUSDT Medium-term Trend: Bullish

The 4-hour chart of SPONGEUSDT is climbing. The 4-hour chart’s price action has produced a double bottom formation near the $0.000500 support level. Following the initial breakdown at $0.000557, the price increased. The price is rising to retest the level that was broken. The price is currently attempting to break through the $0.000886 barrier.

.000886 May Be Broken Upside" width="580" height="262" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/02/4-hours-32-1024x463.png"/>

The price of the Crypto signal indicates that the Hull Suite indication is greater than the current price. When the QQE MOD is larger than zero, the blue signal line indicates a purchase.

When you were the only buddy group member to adopt the $SPONGE belief

When you’re the only person in your friend group who believed in $SPONGE 🧽🧽🧽#SPONGEV2 #Altcoins #100x #BullMarket #Web3 #PEPE #Binance pic.twitter.com/3S7s4LwCZu

— $SPONGE (@spongeoneth) February 9, 2024

Invest in the hottest and best meme coin. Buy Sponge ($SPONGE) today