Buyers’ momentum is increasing in Sponge market
SPONGEUSDT Price Analysis – 08 March
Sponge 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. If the resistance level at $0.000401 holds, the price can reverse and go back toward the $0.000057 support level.
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. The pink market has been steadily supported by bulls since the price movement of SPONGEUSDT broke past the $0.000148 level on January 5. Every day, large, robust bullish candles are made. The bullish movement was started by the bullish engulfing candle. The price will overcome the resistance levels of $0.000401, $0.000455, and $0.000500 when it rises over $0.0000400 level.
Buying Sponge Coin: A Step-by-Step Guide
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. If the resistance level at $0.000401 holds, the price can reverse and go back toward the $0.000057 support level. The price could drop as low as $0.000400 and $0.000148 if bear pressure builds. A sell signal is shown by the QQE MOD, which is pointing lower and below zero levels.
SPONGEUSDT medium-term Trend: Bullish
Regarding the medium-range forecast, SPONGEUSDT is performing exceptionally well. As is typical in a dynamic market, the bulls propelled the price higher, breaking past $0.000400 and hitting the resistance level of $0.000455, before it started to decline. The coin will increase beyond the predefined level once it breaks above the $0.000455 barrier.
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 upward and the QQE MOD being above zero levels.
Has someone mentioned the moon?
GM #SPONGERS! 🧽🧽🧽
Did someone say moon? 🚀
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— $SPONGE (@spongeoneth) March 8, 2024
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