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SPONGEUSDT Price May Bounce Up at $0.000057 Support Level

Johnathon Fox
03/09/2024 | UPDATED ON: 03/09/2024

Buyers’ momentum is increasing in Sponge market

SPONGEUSDT Price Analysis – 08 March

Sponge will break over the $0.000401 resistance level as well as the $0.000455 and $0.000500 barrier levels if the bulls’ momentum continues to build. If the resistance level at $0.000401 holds, the price can reverse and go back toward the $0.000057 support level.

SPONGE/USD Market

Key levels:

Resistance levels: $0.000401, $0.000455, $0.000500

Support levels: $0.000057, $0.0000400, $0.0000148

 

SPONGEUSDT Long-term trend: Bullish

SPONGEUSDT appears to have a bright future as time goes on. The pink market has been steadily supported by bulls since the price movement of SPONGEUSDT broke past the $0.000148 level on January 5. Every day, large, robust bullish candles are made. The bullish movement was started by the bullish engulfing candle. The price will overcome the resistance levels of $0.000401, $0.000455, and $0.000500 when it rises over $0.0000400 level.

SPONGEUSDT Price May Bounce Up at $0.000057 Support Level

Buying Sponge Coin: A Step-by-Step Guide

The price trading above the Hull Suite at the close contact and the Hull Suite being close to the price will be signs of strong bullish momentum. Price will break over the $0.000401 resistance level as well as the $0.000455 and $0.000500 barrier levels if the bulls’ momentum continues to build. If the resistance level at $0.000401 holds, the price can reverse and go back toward the $0.000057 support level. The price could drop as low as $0.000400 and $0.000148 if bear pressure builds. A sell signal is shown by the QQE MOD, which is pointing lower and below zero levels.

 SPONGEUSDT medium-term Trend: Bullish

Regarding the medium-range forecast, SPONGEUSDT is performing exceptionally well. As is typical in a dynamic market, the bulls propelled the price higher, breaking past $0.000400 and hitting the resistance level of $0.000455, before it started to decline.  The coin will increase beyond the predefined level once it breaks above the $0.000455 barrier.

SPONGEUSDT Price May Bounce Up at $0.000057 Support Level

The fact that the coin is trading above the Hull Suite Crypto signals indicator suggests that the bulls have a lot of momentum. A strong purchase signal is shown by the histogram line rising upward and the QQE MOD being above zero levels.

Has someone mentioned the moon?

GM #SPONGERS! 🧽🧽🧽

Did someone say moon? 🚀

Trade $SPONGE on @dexscreener 👇https://t.co/mRRzvNqdpm#MemeCoin #Crypto #Altcoins #Bullish #100x pic.twitter.com/iVOCDTYMVz

— $SPONGE (@spongeoneth) March 8, 2024

Invest in the hottest and best meme coin? Buy SpongeBob ($SPONGE) today!

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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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Previous Post: « USDCHF Bearish Sentiment May Prevail as Sellers Gain Control
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