Bulls momentum increase in Sponge Market
SPONGE Price Analysis – 26 October
If the resistance level at $0.000136 is broken, SPONGEUSDT will increase to $0.000196 and $0.000330. If the $0.000136 level holds, the price may decline to the $0.000004 and $0.000006 support levels, if the $0.000087 level permits.
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 a few days of stabilization, 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 more bullish candles appear. Sponge is heading for the $0.000136 barrier level, where a robust daily bullish candle is forming, as it may explode higher this week.
The market is controlled by purchasers, as the daily chart demonstrates. The price broke above both the Hull Suite crypto signals indicator, signaling 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, the price may decline to the $0.000004 and $0.000006 support levels, if the $0.000087 level permits. In the meantime, a bullish indication is provided by the QQE MOD indicator with the histogram above zero level.
It’s known as priorities.
It’s called priorities…. 💡 pic.twitter.com/F4oPIdWnh9
— $SPONGE (@spongeoneth) October 23, 2024
SPONGEUSDT Medium-term Trend: Bullish
The consistent requirement of the company’s clientele may be the reason for Sponge’s exceptional medium-term performance. Stated differently, since the $0.000087 price level was tested, price actions have been upward. The market is currently heading upward and may continue to do so until the bulls build a substantial barrier or the resistance level of $0.000136 holds.
The important resistance levels of $0.000136 and $0.000330 could be the target of the upward surge. The coin can hit the high resistance level of $0.000330 with one more push from the bulls. A purchase signal is shown by the rising signal line of the QQE MOD indicator.
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