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Sponge Price: Formation of Strong Bullish Candle at $000136 Level

Johnathon Fox
10/30/2024 | UPDATED ON: 10/30/2024

Bulls are ruling Sponge market

SPONGE Price Analysis – 29 October

If the resistance level at $0.000136 is broken, Sponge will increase to $0.000196 and $0.000330. If the $0.000136 level holds, and the $0.000087 level permits, the price can fall to the $0.000004 and $0.000006 support levels.

SPONGEUSDT Market

Key Levels:

Resistance levels: $0.000136, $0.000196, $0.000330

Support levels: $0.000087, $0.000004, $0.000006

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 appear. A powerful daily bullish candle is forming at the $0.000136 barrier level, where the sponge may blow higher this week.

Sponge Price: Formation of Strong Bullish Candle at $000136 Level

The market is controlled by purchasers, as the daily chart demonstrates. The price breaching above both of the Hull Suite crypto signaling indicators signaled the start of a bullish trend. If the resistance level at $0.000136 is broken, the price will increase to $0.000196 and $0.000330. If the $0.000136 level holds, and the $0.000087 level permits, the price can fall to the $0.000004 and $0.000006 support levels. Meanwhile, a good indication is given by the QQE MOD indicator, whose histogram is above the zero level.

Sponge’s future | Justbeingdak

SPONGEUSDT Medium-term Trend: Bullish

The consistent needs of Sponge’s clientele may be the reason for the company’s outstanding medium-term performance. Stated differently, since the $0.000087 price level was tested, price actions have been upward. The market can continue to rise unless the bulls put up a strong obstacle or the resistance level of $0.000136 holds.

Sponge Price: Formation of Strong Bullish Candle at $000136 Level

The important resistance levels of $0.000136 and $0.000330 could be the objective of the upward advance. The coin could hit the high resistance level of $0.000330 with one more push from the bulls. A buy signal is indicated by the rising signal line of the QQE MOD indicator.

Mood

MOOD. pic.twitter.com/SVyWnU3z4A

— $SPONGE (@spongeoneth) October 17, 2024

 

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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