SPONGEUSDT Price: Bullish Momentum May Be Seen at $0.00050 Level

Buyers are increasing at low price

SPONGEUSDT Price Analysis – 03 July

After breaking above the dynamic resistance levels, the coin will encounter resistance at $0.00061; additional bull momentum accumulation will drive the SPONGEUSDT price to levels $0.00077 and $0.00087. Bearish momentum may be seen in the $0.00050, $0.00033, and $0.00026 support levels if the price rise is stopped at the $0.00061 resistance level.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00061, $0.00077, $0.00087

Support levels: $0.00050, $0.00033, $0.00026

SPONGEUSDT Long-term Trend – Bullish

Bullish pressure has been applied to SPONGEUSDT for the past two weeks. We’ve seen a price ranging of $0.00026 to $0.00033. The coin was first pushed to test the $0.00026 support level on May 5 by the bears. It withdrew to retest the slow dynamic resistance level of the Hull Suite after failing to break through the level. It reverses to attempt the $0.00026 support level once more on May 8. The level refused more price reductions. Given the current circumstances, more bullish daily candles are forming, and the price is gradually moving upward in the direction of the $0.00061 price level.

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The fact that the cryptocurrency is currently breaking above the dynamic resistance level and trading around the Hull Suite forex signals indicator indicates that the bulls are gradually gaining ground in the SPONGEUSDT market. After breaking above the dynamic resistance levels, the coin will encounter resistance at $0.00061; additional bull momentum accumulation will drive the SPONGEUSDT price to levels $0.00077 and $0.00087. Bearish momentum may be seen in the $0.00050, $0.00033, and $0.00026 support levels if the price rise is stopped at the $0.00061 resistance level.

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SPONGEUSDT Medium-term Trend – Bullish

The medium-term projection indicates a large increase in buyer activity on the SPONGEUSDT Market. The price action formed a bullish reversal pattern at the $0.00026 price level, which is referred to as a “double bottom” chart pattern. The price of SPONGEUSDT is expected to increase to $0.00061. After that, it can hit the $0.00077 and $0.00087 price ranges.

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The currency is surpassing the indicator of the Hull Suite crypto signals. Conversely, a purchase signal appears when the histogram of the QQE MOD is greater than zero.

This is the right time to buy the dip

#AltSeason is coming.
Buy the dip. 🧽 pic.twitter.com/H52P34i63r

— $SPONGE (@spongeoneth) June 29, 2024

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