SPONGEUSDT market under bulls control
SPONGEUSDT Price Analysis – 07 May
If the bulls can break above the $0.000358 resistance level, Sponge might increase as far as $0.000400 and $0.000455, respectively. If the bulls are unable to hold onto their gains and break above the $0.000358 mark, the price of the cryptocurrency may suffer a bearish reversal and fall below the support levels of $0.000311, $0.000249, and $0.000190.
SPONGEUSDT Market
Key levels:
Key levels:
Resistance levels: $0.000358, $0.000400, $0.000455
Support levels: $0.000311, $0.000249, $0.000190
SPONGEUSDT Long-term Trend: Bullish
Positive on the SPONGEUSDT daily chart. It has taken the buyers and sellers over two weeks to agree. There are consistent daily patterns of bullish candles, and the price is rising gradually. In the current market, sellers are pushing it down to the $0.000311 support level and towards $0.000358, where buyers have lost territory. Bulls may exceed the predetermined goal if they keep up their present rate of pressure.
Given that SPONGEUSDT is presently trading above the Hull Suite Crypto signals’ pricing mechanism, it looks to be accelerating. If the bulls can break above the $0.000358 resistance level, the price might increase as far as $0.000400 and $0.000455, respectively. If the bulls are unable to hold onto their gains and break above the $0.000358 mark, the price of the cryptocurrency may suffer a bearish reversal and fall below the support levels of $0.000311, $0.000249, and $0.000190.
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SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT’s four-hour chart exhibits a rising trend. Today’s push from the bulls is attempting to breach the resistance level at $0.000455. The Bulls are unable to beat the Bears for days. The price retreated to retest the broken level. Right now, the price is rising due to bullish pressure.
The price will grow as long as it remains above the Hull Suite Crypto signaling indicator. The histogram line will show a positive price movement, and the QQE MOD Crypto signals will show a value spike greater than zero.
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