Sponge market will be dominated by bulls
SPONGEUSDT Price Analysis – 05 April
SPONGEUSDT may have a bearish reversal and drop below the support levels of $0.000500, $$0.000455, and $0.000400 price levels if the bulls are unable to break above the $0.000577 level. If the bulls are able to maintain their momentum and break above the resistance level of $0.000577, the price might increase as high as $0.000695 and $0.000886, respectively.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000577, $0.000695, $0.000886
Support levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term Trend: Bullish
SPONGEUSDT daily chart shows bullishness. The money hasn’t reached the buyers in more than two weeks. Strong bullish candles form every day, and the price is gradually increasing. The price surged higher by bulls to the resistance level at $0.000455, and then it surged higher again to reach $0.000577. As buyers and sellers battled, the price declined. If bulls maintain their pressure, they could surpass the previously indicated level.
The fact that SPONGEUSDT is trading above the price mechanism of the Hull Suite Crypto signals indicates that it is gaining positive momentum. The cryptocurrency may have a bearish reversal and drop below the support levels of $0.000500, $$0.000455, and $0.000400 price levels if the bulls are unable to break above the $0.000577 level. If the bulls can maintain their momentum and break above the resistance level of $0.000577, the price might increase as high as $0.000695 and $0.000886, respectively.
SPONGEUSDT Medium-term Trend: Bullish
Bullish action may be seen on the 4-hour SPONGEUSDT chart. The pressure from the bulls tested the $0.000500 resistance level. For days, the Bears are unable to defeat the Bulls. To retest the broken level, the price pulled back. The bull-bear conflict is currently driving up the price.
As it trades above the Hull Suite Crypto indications, the price is approaching them. The price trend will be positively represented by the histogram line, and the QQE MOD Crypto signals will show a value spike greater than zero.
When the wet slaps
https://twitter.com/spongeoneth/status/1776263623146455383
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