Sponge market dominates by buyers
SPONGEUSDT Price Analysis – 15 October
If Coin can overcome the barrier of $0.000136, the market is expected to rise higher, reaching the Sponge potential upward goals of $0.000196 and $0.000330. 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 clients, Sponge reduced its pricing. A few weeks ago, when Sponge’s price dropped to $0.000087, it found support. Nonetheless, during the previous month, sellers persisted in pushing the SPONGEUSDT market down. At the moment, sponge costs more than $0.000136. The daily candles began to trend more bullishly than bearishly, indicating that the level of $0.000136 will be broken. Right now, the price might rise to $0.000136.
The sponge’s widening crossover with the Hull Suite crypto signals indicator shows that the bullish trend is intensifying. The QEE MOD are both approaching level above zero. If Coin can overcome the barrier of $0.000136, the market is expected to rise higher, reaching the Sponge’s potential upward goals of $0.000196 and $0.000330. 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 come back because of the market’s rapid growth. A few weeks ago, when the resistance level of $0.000136 was broken, buying won out over selling. As long as the bulls’ motivation continues, the price rises back to its previous peak.
The price is higher than both the Hull suite indicator. The signal line is pointing upward, the histogram of QQEMOD is above zero level, and purchasing is recommended.
Update for Sponge V2!
Leave a Reply