Price is approaching the $0.000196 mark
SPONGE Price Analysis – 14 November
If the resistance level at $0.000196 is broken, SPONGEUSDT will increase to $0.000330 and $0.000402. If the $0.000196 level holds and the $0.000136 level permits, the price can fall to the $0.000087 and $0.000004 support levels.
SPONGEUSDT Market
Key Levels:
Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000136, $0.000087, $0.000004
SPONGEUSDT Long-term Trend: Bullish
After stabilizing for a few days, Sponge began to rise on August 7. This is evident when the prolonged daily bullish candle appears and breaks through the $0.000136 resistance level. The price is approaching the $0.000196 price level as additional bullish candles emerge. The value of the sponge is rising today, and a robust daily bullish candle is forming in the direction of the $0.000196 barrier level.
The daily chart indicates that buyers control the market. Since the price has beyond both of the Hull Suite crypto signal indicators, a bullish trend has started. If the resistance level at $0.000196 is broken, the price will increase to $0.000330 and $0.000402. If the $0.000196 level holds and the $0.000136 level permits, the price can fall to the $0.000087 and $0.000004 support levels. In the meantime, bullish signals are provided by the QQE MOD forex indicator.
SPONGEUSDT Medium-term Trend: Bullish
Sponge’s remarkable medium-term performance might be explained by its loyal customer base. Stated differently, since the $0.000087 price level was tested, price actions have been upward. The market is now gaining and may continue to do so until the bulls establish a strong barrier or the $0.000196 resistance level holds.
Testing the significant resistance levels of $0.000196 and $0.000330 may be the goal of the upward advance. With just one more push from the bulls, the crypto currency might reach the formidable resistance level of $0.000330. The rising signal line above the QQE MOD indicator’s zero indicates a buy signal.
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