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SPONGEUSDT Price Analysis – 25 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 reverse and go back to the support levels of $0.000886, $0.000695, and $0.000577.
Sponge/USD Market
Key levels:
Resistance levels: $0.000695, $0.000886, $0.001298
Support levels: $0.000886, $0.000695, $0.000577
SPONGEUSDT Long-term Trend: Bullish
On the daily SPONGEUSDT chart, bullish. The price reached its highest peak of $0.001158 thanks to the bulls’ momentum. The price hasn’t moved because of the resistance level that was found. This implies that the level that was previously mentioned in the SPONGEUSDT market is important. Right now, it is withdrawing to draw in new investors. The market may shift and the bears may seize the lead if the current daily candle cannot close below the $0.000886 support level.
Since the Hull suite indicator is below the price, it keeps displaying a rising trend. The price is rising and is currently trading much above the recommended level. 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 reverse and go back to the support levels of $0.000886, $0.000695, and $0.000577.
SPONGEUSDT Medium-term Trend: Bullish
The 4-hour SPONGEUSDT chart is rising. The price action on the 4-hour chart has created a double bottom pattern close to the $0.000500 support level. The price rose after the initial breakdown at $0.000577. To retest the broken level, the price pulled back. The price climbed in an attempt to breach the resistance level at $0.001158 following the second drop at $0.000695. Right now, the price is trying to retest $0.000695 level.
The price is currently below the Hull Suite indication. The green signal line indicates the purchase when the QQE MOD is higher than the zero level.
Right now, our holders are benefiting from an amazing APY of +250%.
Huge milestone alert, #SPONGERS! 🔥
There are now over 6 billion $SPONGE tokens staked with a value of $3,958,206.14! 🤯
Our holders are enjoying an impressive current APY of +250%. 🚀
Join us and absorb the damp!! 🧽🧽💦💦#SpongeV2 #Crypto #Web3 #Alts #100x pic.twitter.com/llxFF0hfby
— $SPONGE (@spongeoneth) January 26, 2024
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