• Skip to primary navigation
  • Skip to main content
  • Skip to primary sidebar
  • Skip to footer

ForexSchoolOnline.com

Learn to Trade Forex Online

  • Compare Brokers
    • Broker Type
      • Paypal Brokers
      • Swap-Free Brokers
      • Low Spread Brokers
      • ECN / STP Brokers
      • Market Maker Brokers
      • Non Dealing Desk Brokers
      • Low Minimum Deposit Brokers
    • Country
      • Brokers for Australia
      • Brokers for South Africa
      • Brokers for the UK
      • Brokers for the US
      • Brokers for Nigeria
    • Regulation
      • FCA Regulated Brokers
      • ASIC Regulated Brokers
      • FSCA Regulated Brokers
      • CFTC Regulated Brokers
    • Platform
      • MT4 Brokers
      • MT5 Forex Brokers
    • Strategies
      • Hedging Forex Brokers
      • Scalping Forex Brokers
      • Carry Trade Forex Brokers
      • Brokers for Indicators and EA’s
  • Start Here
    • Start Trading Guide
    • Beginner Trading Lessons
  • Free Forex Course
    • Public Login
    • Register
    • Password recovery
  • Lessons
    • Strategies
    • Videos
    • MT4 Guides
    • Money Management
  • Trade Setups
  • Tools
    • Correct Free Demo Charts
    • Forex Journal Download
    • Position Size Calculator
    • FULL List of Tools
    • Forex Demo Accounts
  • Price Action Guide
  • Free Course

Sponge Price May Break Up Resistance Level of $0.000886

Johnathon Fox
02/16/2024 | UPDATED ON: 02/17/2024

Buyers’ pressure incrases in the sponge market

Sponge Price Analysis: 15 February

Sponge may rise toward the $0.000996 and $0.001158 barrier levels if buyers are successful in pushing the price past the $0.000886 resistance level. If the $0.000886 resistance level persists, the price may drop into the support levels of $0.000697, $0.000580, and $0.000500.

Key Levels:

Resistance Levels: $0.000886, $0.000996, $0.001158

Support Levels: $0.000697, $0.000580, $0.000500

SPONGEUSDT Long-term Trend: Bullish

Sponge’s daily chart is getting higher. Due to a strong bearish trend, the currency fell as low as $0.000500 on January 27. The price increased as a result of the bulls’ ability to hold onto the previously mentioned level and break through resistance at $0.000580 and $0.000886. On February 3, it tested the $0.000697 resistance level and then withdrew to look into the $0.000580 support level. Last week, more purchasing pressure broke the $0.000697 barrier, allowing the coin to reach the $0.000886 resistance level.

Sponge Price May Break Up Resistance Level of $0.000886

Bulls may control the sponge market in the upcoming week. Sponge’s price is breaching the dynamic resistance level on the upside. The coin is trading above the Hull Suite crypto indicator. The price may rise toward the $0.000996 and $0.001158 barrier levels if buyers are successful in pushing the price past the $0.000886 resistance level. If the $0.000886 resistance level persists, the price may drop into the support levels of $0.000697, $0.000580, and $0.000500. Given that the QQE MOD is more than zero, buying would be a wise decision. Join best forex signals telegram.

SPONGEUSDT Price Medium-term Trend: Bullish

The 4-hour chart for Sponge is going upward. The price began to approach the $0.000500 support level, marking the end of the negative trend. The price kept moving north as the bulls gained greater traction. On the upside, the $0.000697 resistance level has been broken.

Sponge Price May Break Up Resistance Level of $0.000886

The resistance level at $0.000886 might be the target given the current price decline. The price of the sponge market is currently trading slightly above both the Hull Suite signal, indicating positive momentum. The QQE MOD indicates a buy signal.

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 SpongeBob ($SPONGE) today!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

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.

View all posts by Johnathon Fox →
Previous Post: « USDCAD Tries to Recover from Previous Losses
Next Post: Dash 2 Trade (D2T/USD) Surpasses Slope Trendline, Remains Resilient Against Bearish Forces »

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Primary Sidebar

Forex School Online

High Probability Price Action Trading

How to make, manage and take profit from trades in the markets

Start Learning (It's Free!)

Turn Your Trades into Winners!

The Price action course is the in-depth advanced training on assessing, making and managing high probability price action trades.

Sign up for Free!

Recommended Broker

  • Broker
  • Min Deposit
  • Benefits
  • Score
  • Visit Broker

$200

T&Cs Apply
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
5
Trade Now FreeBets Reviews
Reviews

Footer

Get Our FREE Course, Bonus Strategies & Indicators!
X
Join Us Now!

Your capital is at risk.

X

CORNERSTONE LESSONS

Forex Trading for Beginners

Price Action Trading

How to Trade Forex

Technical Analysis

Forex Charts

Forex Trading Strategies

Money Management 

Compare Brokers

Best Forex Brokers

Forex Demo Accounts

Best Forex Trading Platforms

Forex Apps

Swap Fee Accounts

MT4 Brokers

CATEGORIES

Forex Videos

Trading Lessons

Weekly Trade Ideas

Start Here Guide

ForexSchoolOnline.com helps individual traders learn how to trade the Forex market

WARNING: The content on this site should not be considered investment advice and we are not authorised to provide investment advice. Nothing on this website is an endorsement or recommendation of a particular trading strategy or investment decision. The information on this website is general in nature so you must consider the information in light of your objectives, financial situation and needs.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence or obtain advice where necessary. This website is free for you to use but we may receive a commission from the companies we feature on this site.

We Introduce people to the world of currency trading. and provide educational content to help them learn how to become profitable traders. we're also a community of traders that support each other on our daily trading journey

Forexschoolonline.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

Copyright © Forex School Online Sitemap  - Privacy Policy - Disclaimers & Terms of Use - CONTACT US