Sponge’s value recently surpassed $0.000136
SPONGEUSDT Price Analysis – 06 January
The $0.000330 and $0.000402 levels, which are expected to surface after the market decline, are the Sponge’s next upward targets if it is successful in breaking over the $0.000196 level of resistance.
SPONGE/USDT Market
Key levels:
Resistance levels: $0.000196, $0.000330, $0.000402
Support levels: $0.000146, $0.000136, $0.000081
SPONGEUSDT Long-term Trend: Bullish
The SPONGEUSDT has a bright future ahead of it. When Sponge’s price hit $0.000196 a few weeks ago, it encountered resistance. But during the course of the previous week, sellers persisted in pushing the SPONGEUSDT market lower. The coin’s value recently surpassed $0.000136. The level of $0.000196 was going to be approached, and daily candles that were more bullish than bearish were starting to form. The price quickly increased to $0.000196 on December 6 before falling. The price will quickly rise back to its earlier peak.
The rising crossover between the crypto and sponge signals suggests that the bullish trend is accelerating. Additionally, the Hull Suite’s milestone is drawing near. The $0.000330 and $0.000402 levels, which are expected to surface after the market decline, are the Sponge’s next upward targets if it is successful in breaking over the $0.000196 level of resistance. If the bears are successful in holding the resistance level of $0.000196, the price can go below the support levels of $0.000136. The upward-pointing QQE MOD signal lines are giving a purchase signal.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT forecasts a favorable medium-term prognosis. Because bulls are beginning to come back, the market is rising rapidly. There were more buyers than sellers over the four weeks before December 8th, when the resistance level of $0.000146 was broken. If the bulls’ momentum continues, the price will return to its previous high.
The hint from the Hull Suite crypto signals is higher than the cost. Given that the QQE MOD is above zero levels and the signal line is pointing upward, buying is advised.
Oh no, here we are once more.
ahhh shit, here we go again pic.twitter.com/H2mLa3oVlW
— $SPONGE (@spongeoneth) January 6, 2025
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