Sponge will soar like eagle
Sponge Price Analysis – 12 September
Bulls may be able to hold onto their advantage in the market if SPONGEUSDT breaks through the $0.000329 barrier level and runs into resistance in the $0.000404 to $0.000502 area. If $0.000262 is not maintained, a price decline below the $0.000196 and $0.000136 support levels may take place.
Sponge/USD Market
Key levels:
Resistance levels: $0.000329, $0.000404, $0.000502
Support levels: $0.000262, $0.000196, $0.000136
SPONGEUSDT Long-term Trend: Bullish
On the daily SPONGEUSDT chart, bullish. Bears were warned last month when a bullish reversal chart pattern emerged near the $0.000136 support level. The money consequently soars up north like an eagle. Price broke above $0.000196 and $0.000136 resistance levels before breaking beyond the $0.000262 barrier. In an effort to go back inside the broken $0.000262 level, it retreats. The previous high, $0.000329, is now being approached.
Following the recession, buyers are beginning to return to the SPONGE market. The price moving above the Hull Suite signal and the best Crypto indicator’s upward trend indicate positive tendencies. Bulls may be able to hold onto their advantage in the market if the price breaks through the $0.000329 barrier level and runs into resistance in the $0.000404 to $0.000502 area. If $0.000262 is not maintained, a price decline below the $0.000196 and $0.000136 support levels may take place.
SPONGEUSDT medium-term Trend: Bullish
The four-hour chart of SPONGEUSDT shows a rising trend. The pressure on the bulls is mounting, but the medium-term trend remains robust. The $0.000502 resistance level will be tested when resistance levels like $0.000329 and $0.000404 collapse. The price is returning to the previous high of $0.000404 while remaining at the previously indicated level.
It looks like the market is moving swiftly because the price is higher than the Hull Suite indication. Given that the coin is trading above the signal, the market is positive. A buy signal appears when the QQE MOD indicator is higher than zero.
#MemeCoin is about to arrive.
#MemeCoin season incoming… 🧽 pic.twitter.com/IQ0JAXO2cO
— $SPONGE (@spongeoneth) September 6, 2024
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