Sponge Price: Ready to Surpass $0.000196 Level

A Strong bullish movement in Sponge market

SPONGE Price Analysis – 05 November

If the resistance level at $0.000196 is broken, Sponge will increase to $0.000253 and $0.000330. If the $0.000196 level holds and the $0.000136 level permits, the price can decline to the $0.000087 and $0.000006 support levels.

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

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. The price is approaching the $0.000196 price level as additional bullish candles appear. Near the $0.000136 barrier level, where the sponge may rise this week, a robust daily bullish candle is forming.

The market is controlled by purchasers, as the daily chart demonstrates. When the price surpassed both of the Hull Suite crypto signaling indications, a bullish trend started. If the resistance level at $0.000196 is broken, the price will increase to $0.000253 and $0.000330. If the $0.000196 level holds and the $0.000136 level permits, the price can decline to the $0.000087 and $0.000006 support levels. Meanwhile, a helpful hint is provided by the QQE MOD indicator, whose histogram is above the zero line.

SPONGEUSDT Medium-term Trend: Bullish

Sponge’s outstanding performance over the medium term can be due to its clients’ consistent expectations. Stated differently, since the $0.000087 price level was tested, price actions have been upward. The market may continue to rise unless the bulls offer a strong barrier or the $0.000196 resistance level holds.

The critical resistance levels of $0.000253 and $0.000330 could be the target of the upward surge. The coin could hit the high resistance level of $0.000330 with one more push from the bulls. A buy signal is indicated by the rising signal line of the QQE MOD indicator.

Greetings from $SPONGE

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