More bullish candles are showing up
SPONGE Price Analysis – 26 November
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, Sponge can fall to the $0.000087 and $0.000004 support levels. In the meantime, the QQE MOD forex indicator is showing encouraging signs.
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
On August 7, after a few days of stabilization, Sponge started to increase. When the extended daily bullish candle emerges and breaches the $0.000136 resistance level, this becomes clear. In addition to the price breaking out of the $0.000196 price level, more bullish candles are showing up. The value of the sponge is rising today, and a robust daily bullish candle is forming over the $0.000196 barrier level.
The daily chart indicates that buyers control the market. When the price surpasses both of the Hull Suite crypto signal indicators, a bullish trend starts. 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, the QQE MOD forex indicator is showing encouraging signs.
SPONGEUSDT Medium-term Trend: Bullish
Sponge’s devoted clientele may help to explain its outstanding medium-term performance. In other words, price actions have been upward since the $0.000087 price level was tested. The market can continue to rise until the bulls create a solid barrier or the resistance level of $0.000330 holds.
The recent rise may be intended to test the important resistance levels of $0.000330 and $0.000402. The cryptocurrency may reach the challenging barrier level of $0.000330 if the bulls give it one more push. A purchase signal is shown by the rising signal line above the zero of the QQE MOD indicator.
At 3 AM, this is what your Tradingview app displays.
This is what your Tradingview app sees at 3AM pic.twitter.com/p7REn2OzV2
— $SPONGE (@spongeoneth) November 21, 2024
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