SPONGEUSDT Price Will Soon Head Towards North

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SPONGEUSDT Price Analysis – 01 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 return to the support levels of $0.000575, $0.000458, and $0.000404.

Sponge/USD Market

Key levels:

Resistance levels: $0.000695, $0.000886, $0.001298

Support levels: $0.000575, $0.000458, $0.000404

SPONGEUSDT Long-term Trend: Bullish

On the daily chart, SPONGEUSDT is bullish. The bulls’ fervor caused the price to climax at $0.001158 a few weeks ago. The resistance level that was discovered has kept the price stagnant. This implies that the previously indicated level of the SPONGEUSDT market is noteworthy. At the moment, it withdraws funds to draw in new investors. The market may move and the bears may take the lead if the current daily candle falls below the $0.000575 support level. Check best forex telegram.

Since the Hull suite indicator is above the price, it keeps displaying a rising trend. Given that the price is already trading much above the recommended barrier, it is obvious that it will rise. 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 return to the support levels of $0.000575, $0.000458, and $0.000404.

SPONGEUSDT Medium-term Trend: Bullish

The 4-hour SPONGEUSDT chart is rising. The price action on the 4-hour chart has resulted in a double top pattern close to the $0.001298 resistance level. The price declined after the initial collapse at $0.000886. The price retreated to retest the broken level. After the second loss at $0.000695, the price dropped to break through the support level at $0.000575. The price is currently attempting to retest the $0.000575 level.

The Hull Suite symbol indicates a reduced pricing at this time. A sell is indicated by the red signal line when the QQE MOD drops below zero.

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— $SPONGE (@spongeoneth) February 1, 2024

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