Sponge (SPONGEUSDT) Price: Bullish Momentum Increases toward $0.000690 Level

Buyers are dominating Sponge market

SPONGEUSDT Price Analysis – 08 January

Bullish momentum will accelerate and target the resistance levels at $0.000886 and $0.000997 Sponge breaks above $0.000690. Furthermore, a stronger bullish increase might also drive the price above $0.000997.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000690, $0.000886, $0.000997

Support levels: $0.000577, $0.000503, $0.000454

SPONGEUSDT Long-term Trend: Bullish

On the daily SPONGEUSDT chart, there are currently positive signals for the future. The Crypto was given a downward trend last week. The sponge market is most likely about to return above its two-day high of $0.000886. This has allowed people to gamble on companies and on themselves. Positive pressure is causing the price to return to its former peak. We anticipate that after a bullish breakout at the $0.000690 level, the current strong resistance levels will turn into support levels. It remains possible to exceed the previous peak of $0.000997.

Because of today’s increase, the price is moving in the direction of $0.000886, indicating that there may be a further increase. The Hull Suite indicator is below the current market price. Bullish momentum will accelerate and target the resistance levels at $0.000886 and $0.000997 if Sponge breaks above $0.000690. Furthermore, a stronger bullish increase might also drive the price above $0.000997.

SPONGEUSDT medium-term Trend: Bullish

For the shorter time, SPONGEUSDT is up. An increase in customers results in a price increase for the sponge. The price movement on January 6th retreated to the $0.000503 support level after testing the $0.000997 resistance level. While the purchase increase, the $0.000577 support level remained constant. Bulls will continue to pressure the market, pushing it closer to the $0.000690 barrier.

A buy signal is shown by the QQE MOD indicator, with the histogram lines above zero level.

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