Sellers are interrupting price increases in sponge market
Sponge Price Analysis: 17 February
If buyers can push the price past the $0.000886 resistance level, the price may advance toward the $0.000996 and $0.001158 barrier levels. A sponge may fall into the support levels of $0.000697, $0.000580, and $0.000500 if the $0.000886 resistance level holds.
Key Levels:
Resistance Levels: $0.000886, $0.000996, $0.001158
Support Levels: $0.000697, $0.000580, $0.000500
SPONGEUSDT Long-term Trend: Bullish
The daily chart for Sponge is rising. On January 27, the currency dropped as low as $0.000500 due to a significant bearish trend. The bulls’ ability to hold onto the previously mentioned level and overcome resistance at $0.000580 and $0.000886 caused the price to rise. It pulled back to examine the $0.000580 support level on February 3 after testing the $0.000697 resistance level. The coin was able to achieve the $0.000886 resistance level last week as additional buying pressure broke over the $0.000697 barrier.
Next week, the sponge market might be under the bulls’ grasp. The price of sponges is rising above the dynamic resistance level. The Hull Suite crypto indicator is being traded above by the coin. If buyers can push the price past the $0.000886 resistance level, the price may advance toward the $0.000996 and $0.001158 barrier levels. The price may fall into the support levels of $0.000697, $0.000580, and $0.000500 if the $0.000886 resistance level holds. Considering that the QQE MOD is greater than zero, it would make sense to purchase. Join the best forex signal telegram.
SPONGEUSDT Price Medium-term Trend: Bullish
Sponge’s 4-hour chart is trending upward. The downward trend ended as the price started to approach the $0.000500 support level. As the bulls gained more traction, the price continued to move north. The resistance level of $0.000697 has been breached on the upside.
With the current price decrease, the resistance level at $0.000886 can be the goal. Positive momentum is indicated by the sponge market price, which is currently trading marginally above both the Hull Suite signal. A buy signal is shown by the QQE MOD.
NOTHING ABOUT US IS THE SAME
WE ARE NOT THE SAME. 🔥🔥🔥$SPONGE #SpongeV2 #Crypto #Web3 #PEPE #DOGE #FLOKI #Alts pic.twitter.com/iIHmKMnrrV
— $SPONGE (@spongeoneth) February 15, 2024
Invest in the hottest and best meme coin? Buy SpongeBob ($SPONGE) today!
Leave a Reply