Sponge market can keep rising
SPONGE Price Analysis – 04 December
If the resistance level at $0.000196 is broken, the price will increase to $0.000330 and $0.000402. If the $0.000196 level holds and the $0.000136 level permits, Sponge can fall to the $0.000087 and $0.000004 support levels.
SPONGEUSDT Market
Key Levels:
Resistance levels: $0.000146, $0.000196, $0.000330
Support levels: $0.000136, $0.000087, $0.000004
SPONGEUSDT Long-term Trend: Bullish
After stabilizing for a few days, 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. More bullish candles are appearing, and the price has broken out of the $0.000136 price level. A strong daily bullish candle is breaking through the $0.000146 barrier level as the sponge’s value continues to rise today.
The market is dominated by buyers, according to the daily chart. A bullish trend begins when the price exceeds both of the Hull Suite crypto signal signs. The price will rise to $0.000196 and $0.000330 if the resistance level at $0.000146 is breached. The price may drop to the $0.000087 and $0.000004 support levels if the $0.000146 level holds and the $0.000136 level allows. Meanwhile, there are positive indications from the QQE MOD forex indicator.
SPONGEUSDT Medium-term Trend: Bullish
Sponge’s exceptional medium-term performance may be explained by its loyal customer base. Stated differently, since the $0.000087 price level was tested, price actions have been upward. Until the bulls establish a strong barrier or the resistance level of $0.000330 level, the market can keep rising.
It’s possible that the current spike was designed to test the crucial resistance levels of $0.000146 and $0.000196. If the bulls give the cryptocurrency one more push, it can hit the difficult barrier level of $0.000330. The rising signal line above the QQE MOD indicator’s zero indicates a buy signal.
Do you want some moisture?
Hey you, want some damp? 💦💦💦 pic.twitter.com/8lvntk2rWr
— $SPONGE (@spongeoneth) December 3, 2024
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