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Sponge Price: As Demand For Sponge Increases, So Does Its Price

Johnathon Fox
12/19/2024 | UPDATED ON: 12/20/2024

Sponge market is currently dominated by buyers

SPONGEUSDT Price Analysis – 18 December

Sponge may reach $0.000196 today if the bulls continue to gain strength. The upward trend will accelerate and the $0.000330 and $0.000402 barrier levels may be tested if the price breaks over the $0.000196 resistance level

SPONGE/USDT Market

Key levels:

Resistance levels: $0.000196, $0.000330, $0.000402

Support levels: $0.000146, $0.000136, $0.000081

 

SPONGEUSDT Long-term Trend: Bullish

The SPONGEUSDT daily chart is clearly in the positive range. Now, the coin is worth just $0.000196. Priced between $0.000196 and $0.000136, Sponge aims to increase accessibility and investment opportunities. All investors will benefit from the bullish trend that has started to affect the SPONGEUSDT market. The high resistance levels that are currently in place will quickly become support levels if there is a bullish breakout at the $0.000196 level.

Sponge Price: As Demand For Sponge Increases, So Does Its Price

 

Given that the price is above the QQE MOD crypto signal indication and the histogram is above zero, the price may reach $0.000196 today if the bulls continue to gain strength. The upward trend will accelerate and the $0.000330 and $0.000402 barrier levels may be tested if the price breaks over the $0.000196 resistance level.

 

SPONGEUSDT medium-term Trend: Bullish

For shorter durations, SPONGEUSDT is the ideal option. After hitting the $0.000196 resistance level on November 18, the price movement swerved off course and struck the $0.000081 support level. The coin’s failure to break through the $0.000081 support level has led to an increase in the number of investors. As demand for the sponge increases, so does its price. The sponge market is currently dominated by buyers, and prices are rising.

Sponge Price: As Demand For Sponge Increases, So Does Its Price

The price is lowered to draw more consumers to the market. The Hull Suite forex indicator is displaying a buy signal with its signal lines heading north.

What kind of planet do we inhabit?

Finance bros 🤝 Crypto bros

what world are we living in? 💦💦 pic.twitter.com/8rqCnr3xkG

— $SPONGE (@spongeoneth) December 15, 2024

 

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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