Buyers are ruling Sponge market
SPONGEUSDT Price Analysis – 14 March
Sponge may retrace and move toward the $0.000057 support level if the $0.000401 resistance level holds. The price could drop as low as $0.0000400 and $0.0000148 if bear pressure builds. A sell signal is shown by the QQE MOD, which is pointing lower and below zero levels.
SPONGE/USD Market
Key levels:
Resistance levels: $0.000401, $0.000455, $0.000500
Support levels: $0.000057, $0.0000400, $0.0000148
SPONGEUSDT Long-term trend: Bullish
SPONGEUSDT appears to have a bright future as time goes on. Ever since the SPONGEUSDT price movement broke above the $0.000148 line on January 5, bulls have continuously supported the bullish market. Every day, large, robust bullish candles are made. The bullish movement was started by the bullish engulfing candle. The price will rise past the resistance levels of $0.000401, $0.000455, and $0.000500 once it breaks over the $0.0000400 level.
The price trading above the Hull Suite at the close contact and the Hull Suite being close to the price will be signs of strong bullish momentum. Price will break over the $0.000401 resistance level as well as the $0.000455 and $0.000500 barrier levels if the bulls’ momentum continues to build. The price may retrace and move toward the $0.000057 support level if the $0.000401 resistance level holds. The price could drop as low as $0.0000400 and $0.0000148 if bear pressure builds. A sell signal is shown by the QQE MOD, which is pointing lower and below zero levels.
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SPONGEUSDT medium-term Trend: Bullish
In terms of the medium-range perspective, SPONGEUSDT is performing fairly well. As it is typical in a dynamic market, the bulls drove the price higher, breaking above $0.000400 and up to the resistance level of $0.000455, after which a decline started. The moment the coin crosses the $0.000455 barrier, it will climb above the predefined level.
The fact that the coin is trading above the Hull Suite Crypto signals indicator suggests that the bulls have a lot of momentum. A strong purchase signal is shown by the histogram line rising and the QQE MOD being above zero levels.
The $SPONGE Army is here! 🧽💪
$SPONGE Army has arrived! 🧽💪$PEPE coming for you! 🐸⚔️ #SpongeV2 #MemeCoin #Altcoins pic.twitter.com/B0Kl2lXKwy
— $SPONGE (@spongeoneth) March 14, 2024
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