Price action have been upward
SPONGE Price Analysis – 06 November
Sponge will rise to $0.000253 and $0.000330 if the resistance level at $0.000196 is breached. The price may drop to the $0.000087 and $0.000006 support levels if the $0.000196 level holds and the $0.000136 level allows.
SPONGEUSDT Market
Key Levels:
Resistance levels: $0.000196, $0.000253, $0.000330,
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. With the appearance of more bullish candles, the price is getting closer to the $0.000196 price level. A strong daily bullish candle is formed close to the $0.000136 barrier level, where the sponge might increase this week.
The daily chart shows that buyers are in charge of the market. A bullish trend began when the price exceeded both of the Hull Suite crypto signaling indicators. The price will rise to $0.000253 and $0.000330 if the resistance level at $0.000196 is breached. The price may drop to the $0.000087 and $0.000006 support levels if the $0.000196 level holds and the $0.000136 level allows. The QQE MOD indicator, whose histogram is above the zero line, offers a useful signal in the meanwhile.
SPONGEUSDT Medium-term Trend: Bullish
The continuous expectations of its clients may be the reason for Sponge’s exceptional performance throughout the medium term. In other words, price actions have been upward since the $0.000087 price level was tested. Unless the bulls provide a solid barrier or the $0.000196 resistance level holds, the market might keep rising.
The upward surge may target the important resistance levels of $0.000253 and $0.000330. With one more push from the bulls, the coin can reach the high resistance level of $0.000330. The QQE MOD indicator’s rising signal line indicates a purchase signal.
Constantly absorbing the DAMP
Absorbing the DAMP 24/7 💦💦 pic.twitter.com/2h74WpMPcc
— $SPONGE (@spongeoneth) October 27, 2024
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