Bulls’ will soon dominate market fully
SPONGEUSDT Price Analysis – 24 June
The coin will encounter resistance at $0.00061; additional bull momentum accumulation will propel the SPONGEUSDT price to levels $0.00077 and $0.00087. The $0.00050, $0.00033, and $0.00026 support levels could see bearish momentum if resistance at the $0.00061 resistance level stops the price increase.
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
SPONGEUSDT has been under positive pressure for the last two weeks. There has been a price range seen 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 further price reductions. According to the circumstances, more bullish daily candles are appearing, and the price is gradually moving up toward the $0.00061 price level.
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. Upon breaking through the dynamic resistance levels, the coin will encounter resistance at $0.00061; additional bull momentum accumulation will propel the SPONGEUSDT price to levels $0.00077 and $0.00087. The $0.00050, $0.00033, and $0.00026 support levels could see bearish momentum if resistance at the $0.00061 resistance level stops the price increase.
SPONGEUSDT Medium-term Trend – Bullish
SPONGEUSDT Market is seeing a significant increase in buyer activity, according to the medium-term projection. 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 rise to $0.00061. After that, it may rise to the $0.00077 and $0.00087 price points.
The coin is advancing past the indication of the Hull Suite crypto signals. In contrast, when the QQE MOD’s histogram is above zero, it indicates a buy signal.The general public: memecoins are dumb
Normal people: Memecoins are stupid
Me: pic.twitter.com/jmH8R2nLlr
— $SPONGE (@spongeoneth) June 22, 2024
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