Sponge may rise to $0.000330 level
SPONGE Price Analysis – 21 November
The price will rise to $0.000330 and $0.000402 if the resistance level at $0.000196 is breached. Sponge may drop to the $0.000087 and $0.000004 support levels if the $0.000196 level holds and the $0.000136 level allows.
SPONGEUSDT Market
Key Levels:
Resistance levels: $0.000196, $0.000330, $0.000402
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. As more bullish candles appear, the price is getting closer to the $0.000196 price level. A strong daily bullish candle is emerging in the direction of the $0.000196 barrier level, and the sponge’s value is increasing 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 $0.000330 and $0.000402 if the resistance level at $0.000196 is breached. The price may drop to the $0.000087 and $0.000004 support levels if the $0.000196 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 set up a strong barrier or the resistance level of $0.000196 holds, the market can continue to rise.
Testing the significant resistance levels of $0.000196 and $0.000330 may be the goal of the upward advance. If the bulls give the cryptocurrency one more push, it might hit the tough barrier level of $0.000330. The rising signal line above the QQE MOD indicator’s zero indicates a buy signal.
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