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SPONGEUSDT Price Analysis – 26 February
If the bulls’ momentum keeps increasing, price will move above the $0.000358 resistance level as well as the $0.000457 and $0.000582 barrier levels. The price may turn around and head toward the $0.000252 support level if the $0.000358 resistance level holds.
SPONGE/USD Market
Key levels:
Resistance levels: $0.000358, $0.000457, $0.000582
Support levels: $0.000252, $0.000195, $0.000148
SPONGEUSDT Long-term trend: Bullish
In the long run, SPONGEUSDT has a promising prognosis. As of January 5, when the price movement of SPONGEUSDT broke out of the $0.000148 level, the bulls have remained steadfast in their support of the pink market. Big, strong bullish candles are made every day. The bullish engulfing candle initiated the bullish movement. The price rose above $0.000252 and broke through the prior resistance levels of $0.000148, $0.000195, and $0.000252. You can join best forex signal telegram.
Strong bullish momentum is indicated by the price trading below the Hull Suite at the close contact, and the Hull Suite is close to the price. If the bulls’ momentum keeps increasing, price will move above the $0.000358 resistance level as well as the $0.000457 and $0.000582 barrier levels. The price may turn around and head toward the $0.000252 support level if the $0.000358 resistance level holds. The price could fall as low as $0.000195 and $0.000148 levels if the bears’ pressure increases. The QQE MOD, which is pointing upward above zero levels, indicates a buy signal.
SPONGEUSDT medium-term Trend: Bullish
In terms of the medium-term outlook, SPONGEUSDT is doing well. The bulls drove the coin higher, breaking past $0.000148 and up to the resistance level of $0.000358, before it began to decline as is usual in a moving market. The coin breaks above the $0.000252 barrier and then soars above the designated level.
The bulls appear to have a lot of momentum because the coin is trading above the Hull Suite Crypto signals indicator. The QQE MOD being above zero levels and the histogram line pointing upward provide a strong buy signal.
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— $SPONGE (@spongeoneth) February 25, 2024
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