Bulls’ pressure on Sponge market increases
SPONGEUSDT Price Analysis – 23 December
The rising trend will accelerate and the $0.000330 and $0.000402 barrier levels may be tested if the Sponge breaks over the $0.000196 resistance level.
SPONGE/USDT Market
Key levels:
Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000146, $0.000136, $0.000081
SPONGEUSDT Long-term Trend: Bullish
The SPONGEUSDT daily chart is clearly in the bullish range. At the moment, the coin is only worth $0.000196. With a price range of $0.000196 to $0.000136, Sponge aims to increase accessibility and investment opportunities. All investors will benefit from the bullish trend that has started to affect the SPONGEUSDT market. The current high resistance levels will quickly become support levels if there is a bullish breakout at the $0.000196 level.
The price may reach $0.000196 today if the bulls continue to gain strength because it is above the QQE MOD crypto signal indicator and the histogram is above zero. The rising trend will accelerate and the $0.000330 and $0.000402 barrier levels may be tested if the price breaks over the $0.000196 resistance level.
SPONGEUSDT medium-term Trend: Bullish
For shorter durations, SPONGEUSDT is the ideal option. After hitting the $0.000196 resistance level on November 18, the price movement swerved off course and reached the $0.000081 support level. The coin’s failure to break through the $0.000081 support level has led to an increase in the number of investors. As demand for the sponge increases, so does its price. The sponge market is dominated by buyers at the moment, and costs are rising.
The price is lowered to draw more consumers to the market. The Hull Suite forex indicator is displaying a buy signal with its signal lines heading north.
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