Buyers are pushing price upward
SPONGEUSDT Price Analysis – 12 March
Incase coin breaks over the $0.000301 resistance level, there can be more upside in the SPONGEUSDT price after the price decline. The next growth targets are at $0.000328 and $0.000356 levels. If the bears can hold the resistance level of $0.000301, the price can fall to the support levels of $0.000248, $0.000190, and $0.000143.
Key levels:
Supply levels: $0.000301, $0.000328, $0.000356
Demand levels: $0.000248, $0.000190, $0.000143
SPONGEUSDT Long-term Trend: Bullish
The long-term outlook for SPONGEUSDT is positive. Sellers continue pushing the SPONGEUSDT market lower, even though the coin found support last week at the $0.000143 mark. The bitcoin market has recovered and is now very close to the $0.000301 barrier. Additional bullish daily candles emerged, and the previously forecast level surged higher. Bulls are opposing sellers, and the sponge market is retreating.
The price approach to the Hull Suite Crypto signals indicate that the bulls’ momentum is strengthening. Furthermore, the QQE MOD Crypto signals may have a value increase above zero. If the coin breaks over the $0.000301 resistance level, there can be more upside in the SPONGEUSDT price after the price decline. The next growth targets are at $0.000328 and $0.000356 levels. If the bears can hold the resistance level of $0.000301, the price can fall to the support levels of $0.000248, $0.000190, and $0.000143.
Buying Sponge Coin: A Step-by-Step Guide
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT is useful when looking at things from a medium-term viewpoint. At the $0.000143 support level, there were more buyers than sellers throughout the previous week. Price passes through resistance levels of $0.000190 and $0.000248. $0.000301 is the resistance level to aim for. The price crosses over the previously stated level and remains above it. Price increases could go on as bulls are currently reentering the market.
The Hull Suite indicator is in line with the price. An upward-pointing histogram line indicates a purchase in the QQE MOD.
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