Buyers’ momentum is increasing in Sponge market
SPONGEUSDT Price Analysis – 12 March
SPONGEUSDT 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
As time goes on, SPONGEUSDT seems to have a promising future. Since January 5, when the price movement of SPONGEUSDT broke past the $0.000148 threshold, bulls have consistently supported the bullish market. Big, strong bullish candles are made every day. The bullish engulfing candle initiated the bullish movement. Once the price breaks above the $0.0000400 level, it will move past the resistance levels of $0.000401, $0.000455, and $0.000500.
Strong bullish momentum will be indicated by the price trading above the Hull Suite at the close contact and the Hull Suite being near to the price. If the bulls’ momentum keeps increasing, the price will break above the $0.000401 resistance level as well as the $0.000455 and $0.000500 barrier levels. Should the $0.000401 resistance level hold, the price may retrace and head toward the $0.000057 support level. If bear pressure increases, the price might fall as low as $0.000400 and $0.000148. The QQE MOD is pointing lower and below zero levels, indicating a sell signal.
ARE YOU RIGHT TO BUY SPONGE V2?
SPONGEUSDT medium-term Trend: Bullish
SPONGEUSDT is doing quite well in terms of the medium-range outlook. The price was driven higher by the bulls, as is common in a dynamic market, surpassing $0.000400 and reaching the resistance level of $0.000455, before a fall began. The coin will rise above the predetermined threshold as soon as it crosses the $0.000455 barrier.
The bulls appear to have a lot of momentum because the coin is trading above the Hull Suite Crypto signals indicator. The histogram line going higher and the QQE MOD being above zero levels indicate a strong buy signal.
At this point, there are over 9,138,851,394 $SPONGE tokens staked, worth $27,864,372.8.
Staking update! 🚀🧽
We now have over 9,138,851,394 $SPONGE tokens staked with a value of $27,864,372.8. 🤯
Stake your tokens today and enjoy our impressive current APY of up to 177%. 💪#Sponge #Memecoin #Crypto #Binance pic.twitter.com/PAqXyz5L6F
— $SPONGE (@spongeoneth) March 11, 2024
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