Sponge Price Will Continue to Rise

Sponge market is controlled by purchasers

SPONGE Price Analysis – 07 November

If the resistance level at $0.000145 is broken, Sponge will increase to $0.000253 and $0.000330. If the $0.000196 level holds and the $0.000136 level permits, the price can fall to the $0.000081 and $0.000006 support levels.

SPONGEUSDT Market

Key Levels:

Resistance levels: $0.000145, $0.000253, $0.000330

Support levels: $0.000136, $0.000081, $0.000006

SPONGEUSDT Long-term Trend: Bullish

After stabilizing for a few days, Sponge began to rise on August 7. This is evident when the prolonged daily bullish candle appears and breaks through the $0.000136 resistance level. The price is approaching the $0.000196 price level as additional bullish candles arise. Near the $0.000136 barrier level, where the sponge may rise this week, a robust daily bullish candle is formed.

The market is controlled by purchasers, as the daily chart demonstrates. When the price surpassed both of the Hull Suite crypto signaling indications, a bullish trend started. If the resistance level at $0.000145 is broken, the price will increase to $0.000253 and $0.000330. If the $0.000196 level holds and the $0.000136 level permits, the price can fall to the $0.000081 and $0.000006 support levels. Meanwhile, a helpful signal is provided by the QQE MOD indicator, whose histogram is above the zero line.

SPONGEUSDT Medium-term Trend: Bullish

Sponge’s outstanding performance over the medium term can be due to its clients’ ongoing expectations. Stated differently, since the $0.000087 price level was tested, price actions have been upward. The market may continue to rise unless the bulls offer a strong barrier or the $0.000196 resistance level holds.

The significant resistance levels of $0.000253 and $0.000330 could be the objective of the upward advance. The coin can hit the high resistance level of $0.000330 with one more push from the bulls. A buy signal is indicated by the rising signal line of the QQE MOD indicator.

Constantly absorbing the DAMP

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

— $SPONGE (@spongeoneth) October 27, 2024