SPONGEUSDT Price Suggests That Bullish Trend Is Strengthening

Bulls are controlling Sponge market

SPONGEUSDT Price Analysis – 22 October

If Coin can overcome the $0.000136 barrier and hit the possible upward targets of $0.000196 and $0.000330 set by the Sponge, the market is expected to rise further. The price may drop below the support levels of $0.000087 if the bears are able to hold the resistance level of $0.000136.

Key Levels:

Supply level: $0.000136, $0.000196, $0.000330

Demand level: $0.000087, $0.000004, $0.000006

SPONGEUSDT Long-term Trend: Bullish

SPONGEUSDT has a promising long-term prognosis. To attract more customers, Sponge reduced its prices. A few weeks ago, when Sponge’s price dropped to $0.000087, it found support. But over the past month, sellers have persisted in pushing the SPONGEUSDT market lower. Today, a sponge costs over $0.000136. It appears that the $0.000136 barrier will be broken as the daily candles began to display a more bullish than negative trend. Right now, the price might go up to $0.000136.

The increasing crossover between the Hull Suite cryptocurrency indicator and the sponge suggests that the bullish trend is strengthening. The level above zero and the QEE MOD are both approaching. If Coin can overcome the $0.000136 barrier and hit the possible upward targets of $0.000196 and $0.000330 set by the Sponge, the market is expected to rise further. The price may drop below the support levels of $0.000087 if the bears are able to hold the resistance level of $0.000136.

SPONGEUSDT Medium-term Trend: Bullish

The future of SPONGEUSDT looks bright in the months ahead. Bulls are beginning to reappear since the market is growing so rapidly. A few weeks ago, when the resistance level of $0.000136 was broken, buying won out over selling. As long as the bulls are still motivated, the price reaches its previous peak.

The price is higher than both Hull suite indicators. Given that the QQEMOD histogram is above zero and the signal line is pointing upward, buying is recommended.

Uptober Feelings

Uptober Vibes 💎 pic.twitter.com/GdxTZjQWCv

— $SPONGE (@spongeoneth) October 21, 2024