The Previous high at $0.001298 will be retested
SPONGEUSDT Price Analysis – 22 January
The bulls may move as high as $0.000997 and $0.001158 if they can overcome the resistance level at $0.000886. Sponge may reverse and head toward the support levels of $0.000695, $0.000557, and $0.000500 if the resistance level of $0.000886 holds.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000886, $0.000997, $0.001158
Support levels: $0.000695, $0.000577, $0.000500
SPONGEUSDT Long-term Trend: Bullish
Bullish on the daily SPONGEUSDT chart. The bulls’ momentum propelled the price to its highest peak above $0.001158. The price has been maintained because of the resistance level that was found. This suggests that the aforementioned level is significant in the SPONGEUSDT market. It currently pulls back to attract more investors. If the current daily candle is unable to close above the $0.000886 resistance level, the market may flip around and the bears may take the lead.
The Hull suite indicator continues to show a rising trend because it is below the price. There is a clear upward trend in the price, which is trading much above the displayed indicator. The bulls may move as high as $0.000997 and $0.001158 if they can overcome the resistance level at $0.000886. The price may reverse and head toward the support levels of $0.000695, $0.000557, and $0.000500 if the resistance level of $0.000886 holds.
SPONGEUSDT Medium-term Trend: Bullish
The 4-hour SPONGEUSDT chart is moving in a bullish manner. Near the $0.000500 support level, the price action on the 4-hour chart has produced a double bottom chart pattern. Following the initial breakdown at $0.000557, the price increased. The price retreated to retest the broken level. After the second fall at $0.000695, price increased to test the resistance level at $0.001158. The price is currently attempting to break above the $0.00100 mark.
The current pricing exceeds the Hull Suite indication. When the QQE MOD is greater than the zero level, the green signal line indicates a purchase indication.
#SpongeV2 is ready to seize control.
Get out of the way $PEPE#SpongeV2 is here to takeover 🔥$SPONGE #Web3 #Crypto #Altcoins pic.twitter.com/sEiHH65uTY
— $SPONGE (@spongeoneth) January 22, 2024
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