Sponge Price May Target Resistance Levels of $0.000330

More daily bullish candles emerging

SPONGE Price Analysis – 30 October

If the resistance level at $0.000136 is broken, Sponge will increase to $0.000196 and $0.000330. If the $0.000136 level holds, and the $0.000087 level permits, the price can fall to the $0.000004 and $0.000006 support levels.

SPONGEUSDT Market

Key Levels:

Resistance levels: $0.000136, $0.000196, $0.000330

Support levels: $0.000087, $0.000004, $0.000006

SPONGEUSDT Long-term Trend: Bullish

On August 7, after a few days of stabilization, Sponge started to increase. When the extended daily bullish candle emerges and breaches the $0.000136 resistance level, this becomes clear. With the appearance of more bullish candles, the price is getting closer to the $0.000196 price level. At the $0.000136 barrier level, where a strong daily bullish candle is emerging, the sponge might rise this week.

The daily chart shows that buyers are in charge of the market. A bullish trend began when the price broke above both of the Hull Suite crypto signaling indicators. The price will rise to $0.000196 and $0.000330 if the resistance level at $0.000136 is breached. The price may drop to the $0.000004 and $0.000006 support levels if the $0.000136 level holds and the $0.000087 level allows. In the meantime, the QQE MOD indicator, whose histogram is above the zero line, provides a decent hint.

SPONGEUSDT Medium-term Trend: Bullish

Sponge’s exceptional medium-term performance could be attributed to the steady demands of its clientele. In other words, price actions have been upward since the $0.000087 price level was tested. Unless the bulls provide a significant barrier or the resistance level of $0.000136 holds, the market can advance further.

The upward advance may target the significant resistance levels of $0.000136 and $0.000330. With one more push from the bulls, the coin can reach the high resistance level of $0.000330. The QQE MOD indicator’s rising signal line indicates a purchase signal.

Constantly absorbing the DAMP 💦💦

Absorbing the DAMP 24/7 💦💦 pic.twitter.com/2h74WpMPcc

— $SPONGE (@spongeoneth) October 27, 2024