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Sponge Price Is Approaching Resistance Level of $0.000886

Johnathon Fox
02/14/2024 | UPDATED ON: 02/16/2024

Buyers’ enthusiasm is picking up in the sponge market

Sponge Price Analysis: 14 February

If buyers can push the price past the $0.000886 resistance level, Sponge may advance toward the $0.000996 and $0.001158 barrier levels. The price may decline toward 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

Sponge is rising on the daily chart. On January 27, the currency hit a low of $0.000500 as a result of a significant bearish trend. The bulls were able to retain the previously mentioned level and break the resistance levels of $0.000580 and $0.000886, which caused the price to rise. After testing the $0.000697 resistance level on February 3, it withdrew to investigate the $0.000580 support level. More buying pressure last week caused the $0.000697 barrier to break, exposing the coin to the $0.000886 resistance level.

Sponge Price Is Approaching Resistance Level of $0.000886

In the coming week, Sponge market can be dominated by bulls. The price of Sponge is breaking the upside of 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. According to Crypto Signals Sponge may decline toward the support levels of $0.000697, $0.000580, and $0.000500 if the $0.000886 resistance level holds. It would be a good idea to buy since the QQE MOD is above zero. Join the best forex signals telegram.

SPONGEUSDT Price Medium-term Trend: Bullish

Sponge’s 4-hour chart is trending upward. The downward trend ended as the price got close to the $0.000500 support level. As the bulls gained more traction, the price continued to surge north. The resistance level of $0.000697 has been breached on the upside.

Sponge Price Is Approaching Resistance Level of $0.000886

The resistance level around $0.000886 may be the aim as the price is now retreating. The Sponge market is currently showing bullish momentum as the price is trading just above both the Hull Suite signal. A buy signal is shown by the QQE MOD.

Don’t miss out on #SpongeV2 if you missed out on $SPONGE V1!

If you missed out on $SPONGE V1, don't miss out on #SpongeV2!

Time to stake your $SPONGE! 🚀🧽#MemeCoin #Web3 #Altcoins #BullMarket #Bullish #Trade pic.twitter.com/oNwatR7ihw

— $SPONGE (@spongeoneth) February 10, 2024

Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!

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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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