Price may increase to $0.000136 at this time
SPONGEUSDT Price Analysis – 24 October
The market is anticipated to climb higher if Coin can break above the $0.000136 barrier and reach the potential upward targets of $0.000196 and $0.000330 set by the SPONGEUSDT. If the bears are successful in holding the resistance level of $0.000136, the price can go below the support levels of $0.000087.
Key Levels:
Supply level: $0.000136, $0.000196, $0.000330
Demand level: $0.000087, $0.000004, $0.000006
SPONGEUSDT Long-term Trend: Bullish
The long-term outlook for SPONGEUSDT is encouraging. Sponge lowered its costs in an effort to draw in more clients. Sponge found support a few weeks ago when its price fell to $0.000087. However, sellers have continued to drive the SPONGEUSDT market lower during the last month. A sponge now costs more than $0.000136. The daily candles started showing a trend that was more bullish than negative, suggesting that the $0.000136 barrier will be broken. The price may increase to $0.000136 at this time.
The rising crossing between the sponge and the Hull Suite cryptocurrency indicator indicates that the bullish trend is getting stronger. Both the QEE MOD and the level above zero are getting closer. The market is anticipated to climb higher if Coin can break above the $0.000136 barrier and reach the potential upward targets of $0.000196 and $0.000330 set by the Sponge. If the bears are successful in holding the resistance level of $0.000136, the price can go below the support levels of $0.000087.
It’s known as priorities.
It’s called priorities…. 💡 pic.twitter.com/F4oPIdWnh9
— $SPONGE (@spongeoneth) October 23, 2024
SPONGEUSDT Medium-term Trend: Bullish
In the upcoming months, SPONGEUSDT appears to have a promising future. Because the market is expanding so quickly, bulls are starting to resurface. Buying prevailed over selling a few weeks ago when the resistance level of $0.000136 was breached. The price returns to its prior peak as long as the bulls remain motivated.
Compared to both Hull suite indicators, the price is higher. Buying is advised since the signal line is pointing upward and the QQEMOD histogram is above zero.
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