Sponge starts an Increase Movement
SPONGE Price Analysis – 20 November
Sponge will rise to $0.000330 and $0.000402 if the resistance level at $0.000196 is breached. The price may drop to the $0.000087 and $0.000004 support levels if the $0.000196 level holds and the $0.000136 level allows.
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. The price is approaching the $0.000196 price level as more bullish candles emerge. The value of the sponge is rising today, and a powerful daily bullish candle is forming in the direction of 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 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. The QQE MOD forex indicator, meanwhile, shows encouraging signals.
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 keep rising until the bulls put up a solid barrier or the resistance level of $0.000196 holds.
The upward advance may aim to test the important resistance levels of $0.000196 and $0.000330. The cryptocurrency may reach the formidable 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.
My thoughts when conversing with non-coiners
My brain when talking to no-coiners pic.twitter.com/xtH3lr5ZCz
— $SPONGE (@spongeoneth) November 15, 2024
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