Buyers are in control of Sponge market
SPONGEUSDT Price Analysis – 25 March
If the bulls’ momentum keeps increasing, price will break over the $0.000577 resistance level as well as the $0.000695 and $0.000886 barrier levels. Price may retreat and head back toward the support level of $0.000500.
SPONGE/USD Market
Key levels:
Supply levels: $0.000577, $0.000695, $0.000886
Demand levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term trend: Bullish
The future is bright for SPONGEUSDT. Bulls have been supporting the bullish market ever since the SPONGEUSDT price movement broke above the $0.000148 barrier on January 5. Big, strong bullish candles are made every day. The bullish engulfing candle initiated the bullish movement. The price has broken over the $0.0000500 barrier and is now breaking through the resistance levels of $0.000455 and $0.000500.
Strong bullish momentum is indicated by the price trading above the Hull Suite at the near contact and the Hull Suite being close to the price. If the bulls’ momentum keeps increasing, the price will break over the $0.000577 resistance level as well as the $0.000695 and $0.000886 barrier levels. Price may retreat and head back toward the support level of $0.000500.
SPONGEUSDT medium-term Trend: Bullish
From a medium-range viewpoint, SPONGEUSDT is performing exceptionally well. As is typical in a volatile market, the bulls drove the price higher, breaking over $0.000400 and up to the resistance level of $0.000577. Once the coin crosses the $0.000577 barrier, it will climb above the predefined level. The resistance levels of $0.000695 and $0.000886 may be the target.
The fact that the coin is trading above the Hull Suite Crypto signals indicator suggests that the bulls have a lot of momentum. A strong purchase signal is shown by the rising histogram line and the QQE MOD being above zero values.
#SPONGERS, are you prepared?
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Are you ready, #SPONGERS? 💪$SPONGE #MemeCoin #Bullish #Alts pic.twitter.com/4GM80TrNuY
— $SPONGE (@spongeoneth) March 25, 2024
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