Sponge (SPONGEUSDT) Price: It Is Possible to go Above Previous Peak of $0.000997

Buyers are on increase in Sponge market

SPONGEUSDT Price Analysis – 11 January

Positive pressure is causing Sponge to rise back to its earlier peak. We anticipate that after a bullish breakout at the $0.000695 level, the present strong resistance levels will turn into support levels. It is still possible to go above the previous peak of $0.000997.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000695, $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 Crypto. The cryptocurrency trend went down last week. The sponge market will undoubtedly surpass its two-day high of $0.000886. This has allowed people to wager on both companies and on themselves. Positive pressure is causing the price to rise back to its earlier peak. We anticipate that after a bullish breakout at the $0.000695 level, the present strong resistance levels will turn into support levels. It is still possible to go above the previous peak of $0.000997.

Because of today’s spike, the price is moving closer to $0.000695, indicating that there may be another 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 price breaks above $0.000695. Furthermore, a stronger bullish spike might drive the price above $0.000997 as well.

SPONGEUSDT medium-term Trend: Bullish

For the shorter time, SPONGEUSDT is up. The price of the sponge goes up when the number of customers grows. Before retracing to the $0.000503 support level, the price action on January 6 tested the $0.000997 resistance level. When purchases occurred, the $0.000577 support level remained unchanged. Bulls will continue to push the market upward and into the $0.000695 barrier.

When the histogram lines are above the zero level, the QQE MOD indicator shows a buy signal.

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— $SPONGE (@spongeoneth) January 11, 2024

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