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Buyers’ momentum is increasing in Sponge market
SPONGEUSDT Price Analysis – 07 March
If the coin breaches the $0.000301 resistance level, there could be more upside in the SPONGEUSDT price after the price decline. The next growth targets are $0.000328 and $0.000356 levels. If the bears hold the resistance level at $0.000301, price may fall to the support levels of $0.000248, $0.000190, and $0.000143.
Key levels:
Supply levels: $0.000301, $0.000328, $0.000356
Demand levels: $0.000248, $0.000190, $0.000143
SPONGEUSDT Long-term Trend: Bullish
For SPONGEUSDT, the long-term prognosis is favorable. The SPONGEUSDT market is still under sellers’ pressure, despite the coin finding support last week at the $0.000143 mark. The price of cryptocurrencies has bounced back and is currently approaching the $0.000301 threshold. More bullish daily candles appeared, and the level that had been earlier predicted was broken higher. The Sponge market is retreating because bulls are confronting sellers.
The price closeness above the Hull Suite Crypto signal indicates that the bulls’ momentum is strengthening. Furthermore, there’s a chance that the QQE MOD Crypto signals grow above zero. If the coin breaches the $0.000301 resistance level, there could be more upside in the SPONGEUSDT price after the price decline. The next growth targets are $0.000328 and $0.000356 levels. If the bears hold the resistance level at $0.000301, price may fall to the support levels of $0.000248, $0.000190, and $0.000143.
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SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT is useful when looking at things from a medium-term viewpoint. At the $0.000143 support level, buyers outnumbered sellers during the previous week. The resistance levels of $0.000190 and $0.000248 are crossed by the price. The $0.000301 resistance level is the target. The price passes through and remains over the previously marked level. Right now, bulls are reentering the market, and price increases could continue.
The cost has overtaken the Hull Suite indication. In the QQE MOD, an upward-pointing histogram line indicates a purchase.
Take that wave of $SPONGE!
🧽 Ride that $SPONGE wave! 🌊 LFG 🚀#MemeCoin #AltGem #Crypto #100x pic.twitter.com/2PkqBon0tF
— $SPONGE (@spongeoneth) March 6, 2024
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