Bullish momentum increases in Sponge market
SPONGEUSDT Price Analysis – 16 March
If the currency breaks over the $0.000577 resistance level, there can be more upside in the SPONGEUSDT price after the price decline. The levels $0.000695 and $0.000886 stand for the next growth objectives. If the bears are able to maintain control of the $0.000577 resistance level, the price may go as low as $0.000500, $0.000455, and $0.000400.
Key levels:
Supply levels: $0.000577, $0.000695, $0.000886
Demand levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term Trend: Bullish
The long-term outlook for SPONGEUSDT is positive. While the currency stabilized around $0.000577 last week, buyers are still pushing the SPONGEUSDT market higher. Sponge prices have recovered and are coming extremely close to breaking through the $0.000577 barrier. More bullish daily candles emerged, and the earlier-predicted level rapidly increased. Bulls are opposing the sellers, which is pulling the sponge market down.
The pricing mechanism of the Hull Suite Crypto signals indicates that the momentum of the bulls is increasing. Furthermore, there exists a possibility that the QQE MOD Crypto signals will exhibit an increase in value greater than zero. If the currency breaks over the $0.000577 resistance level, there can be more upside in the SPONGEUSDT price after the price decline. The levels $0.000695 and $0.000886 stand for the next growth objectives. If the bears are able to maintain control of the $0.000577 resistance level, the price may go as low as $0.000500, $0.000455, and $0.000400.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT is useful when looking at things from a medium-term viewpoint. At the $0.000400 support level, there were more buyers than sellers throughout the course of the previous week. The price crosses resistance levels of $0.000455 and $0.000500. $0.000577 is the resistance level to strive for. The price crosses and remains above the level that was previously predicted. Prices may rise further because bulls are now reentering the market.
The Hull Suite indicator and the cost are in line. An upward-pointing histogram line indicates a purchase in the QQE MOD.
Observing $SPONGE charts as
Watching the $SPONGE charts like 👀#MemeCoin #100x #AltGem pic.twitter.com/yvWY1pAy1B
— $SPONGE (@spongeoneth) March 16, 2024
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