SPONGE (SPONGEUSDT) Price Increases Progressively Since May
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SPONGE (SPONGEUSDT) Price Increases Progressively Since May

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Azeez Mustapha

Updated:

More positive candles were lit

SPONGEUSDT Price Analysis – 27 September

In the case that the $0.000262 resistance level is broken higher,SPONGEUSDT levels of $0.000330 and $0.000402 could be examined. Support for bears is located at $0.000196, $0.000136, and $0.000081 if the resistance level at $0.000262 is maintained.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000262, $0.000330, $0.000402

Support levels: $0.000196, $0.000136, $0.000081

SPONGEUSDT Long-term Trend: Bullish

The SPONGEUSDT daily chart is trending upward. The price increased progressively starting on May 28 and peaked at $0.000330. The bulls were able to break above the target level when a bullish engulfing candle formed. More positive candles were lit, and the SPONGE continued to rise. It burst through the upward $0.000262 barrier, and bulls are now putting pressure on it to move past the $0.000330 barrier.

SPONGE (SPONGEUSDT) Price Increases Progressively Since May

In the SPONGE market, purchasing power is the determining element. As long as the price is above both Hull Suites, the histogam’s crossover over the zero level indicates a positive trend. The trend may remain bullish as long as the bulls continue to advance. In the case that the $0.000262 resistance level is broken higher, the price levels of $0.000330 and $0.000402 could be examined. Support for bears is located at $0.000196, $0.000136, and $0.000081 if the resistance level at $0.000262 is maintained.

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SPONGEUSDT medium-term Trend: Bullish

The four-hour chart of SPONGEUSDT shows a rising trend. The Sponge market was dominated by buyers last week. The positive trend persisted as the pressure on the bulls increased. At $0.000196, the highest level, it broke through the resistance. The price is getting closer to the $0.000262 resistance level as a result of the bulls’ increasing push.

SPONGE (SPONGEUSDT) Price Increases Progressively Since May

The market is favorable since the QQE MOD is above the zero level, Hull Suite crypto signals, and the signal lines are bending higher to imply a buy signal.

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