Sponge (SPONGEUSDT) Price: Robust Bullish Surge Might Push Price Beyond $0.000997 Level

Buyers are on increase in Sponge market

SPONGEUSDT Price Analysis – 10 January

If price breaks over $0.000695, bullish momentum will pick up speed and aim for the resistance levels at $0.000886 and $0.000997. Moreover, a more robust bullish surge might push the price beyond $0.000997 as well.

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

Positive signals for the future are currently seen on the daily SPONGEUSDT chart. Last week, the trend for the cryptocurrency was lower. Most certainly, the sponge market is going to break over its $0.000886 two-day high. People can now wager on businesses and on themselves thanks to this. The price is rising back to its previous top due to positive pressure. We believe that the current strong resistance levels will become support levels following a bullish breakout at the $0.000695 level. There is still a chance to surpass the prior high of $0.000997.

The price is rising toward $0.000886, suggesting that there might be another increase, as a result of today’s boost. The current market price is higher than the Hull Suite indicator. If price breaks over $0.000695, bullish momentum will pick up speed and aim for the resistance levels at $0.000886 and $0.000997. Moreover, a more robust bullish surge might push the price beyond $0.000997 as well.

SPONGEUSDT medium-term Trend: Bullish

SPONGEUSDT is up for a shorter period. The sponge’s price increases in response to a rise of clients. On January 6, the price movement tested the $0.000997 resistance level before retreating to the $0.000503 support level. The $0.000577 support level didn’t change when purchases did. Bulls will keep driving the market higher and closer to the $0.000695 barrier.

The QQE MOD indicator displays a purchase signal when the histogram lines are above the zero level.

Avoid repeating the same error twice!

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