Sponge will soon soar higher
SPONGEUSDT Price Analysis – 27 May
If the bulls are able to break above the $0.000310 resistance level, SPONGEUSDT might increase as far as $0.000400 and $0.000455, respectively. Should the bulls be unable to hold onto their gains and go above $0.000360, the price of the cryptocurrency may experience a negative reversal, breaking through the $0.000250, $0.000360, and $0.000300 support levels.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000310, $0.000360, $0.000400
Support levels: $0.000250, $0.000253, $0.000145
SPONGEUSDT Long-term Trend: Bullish
The daily chart indicates a growing SPONGEUSDT. The price is steadily increasing, and there are regular daily patterns of bullish candles. In the present market, buyers are driving the price over the $0.000310 and $0.000360 resistance levels, which is causing sellers to lose ground. If bulls continue to exert the same amount of pressure, they can surpass the predefined goal. The buyers and sellers might have made up their minds in two weeks.
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 $0.000310 resistance level, the price might increase as far as $0.000400 and $0.000455, respectively. Should the bulls be unable to hold onto their gains and go above $0.000360, the price of the cryptocurrency may experience a negative reversal, breaking through the $0.000250, $0.000360, and $0.000300 support levels.
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SPONGEUSDT Medium-term Trend: Bullish
The SPONGEUSDT four-hour chart shows a rising trend. A few days ago, the bulls’ ascent tested the $0.000400 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 currently driving the price higher. The price is expected to rise as long as it remains above the Hull Suite Crypto signaling indication, positive price movement is shown by the histogram line, and the QQE MOD Crypto signals indicate a value spike that is greater than zero.
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— $SPONGE (@spongeoneth) May 26, 2024
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