SPONGEUSDT Price: Bullish Pressure Is Driving Price Higher

Bulls are continue with an increased momentum

SPONGEUSDT Price Analysis – 17 May

SPONGEUSDT may rise as far as $0.000400 and $0.000455, respectively, if the bulls are successful in breaking above the $0.000356 resistance mark. If the bulls are unable to hold onto their gains and break above the $0.000356 mark, the price of the cryptocurrency may see a bearish reversal and plunge below the support levels of $0.000309, $0.000250, and $0.000189.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000356, $0.000400, $0.000455

Support levels: $0.000309, $0.000250, $0.000189

SPONGEUSDT Long-term Trend: Bullish

The daily chart shows that the SPONGEUSDT is rising. There are consistent daily patterns of bullish candles, and the price is rising gradually. In the present market, buyers are driving the price over the resistance level of $0.000356 and past $0.000309, where sellers are losing ground. Bulls may exceed the predetermined target if they continue to apply pressure at the current rate. Within two weeks, the buyers and sellers could have made up their minds.

Given that SPONGEUSDT is presently trading above the Hull Suite Crypto signals’ pricing mechanism, it looks to be accelerating. If the bulls are able to break above the $0.000356 resistance level, the price might increase as far as $0.000400 and $0.000455, respectively. In the event that the bulls fail to maintain their gains and break over $0.000356, the cryptocurrency’s price can see a bearish reversal and drop below the $0.000309, $0.000250, and $0.000189 support levels.

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SPONGEUSDT Medium-term Trend: Bullish

SPONGEUSDT’s four-hour chart shows a rising trend. A few days ago, the bulls’ ascent tested the $0.000455 barrier level. The Bulls are unable to beat the Bears for days. The price retreated to retest the broken level. Right now, bullish pressure is driving the price higher.

Bullish pressure is driving the price up right now. As long as the price remains above the Hull Suite Crypto signaling indication, it will continue to rise; a positive price movement will be shown by the histogram line; and a value spike bigger than zero will be indicated by the QQE MOD Crypto signals.

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