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Bulls are ruling sponge market
SPONGEUSDT Price Analysis – 22 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. In the event that the bulls fail to maintain their gains and push above $0.000356, the cryptocurrency’s price can undergo a bearish reversal, falling through 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 indicates a rise in SPONGEUSDT. The price is steadily increasing, and there are regular daily patterns of bullish candles. In the present market, buyers are pushing the price above both the $0.000356 resistance level and the $0.000309 level, while sellers are losing ground. If bulls keep up their present rate of pressure, they might surpass the predefined target. The buyers and sellers might have made up their minds in two weeks.
It appears to be accelerating because SPONGEUSDT is currently trading above the pricing mechanism of the Hull Suite Crypto signals. The price may rise as far as $0.000400 and $0.000455, respectively, if the bulls are successful in breaking above the $0.000356 resistance mark. In the event that the bulls fail to maintain their gains and push above $0.000356, the cryptocurrency’s price can undergo a bearish reversal, falling through the support levels of $0.000309, $0.000250, and $0.000189.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT 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 currently driving the price higher. As long as the price remains above the Hull Suite Crypto signaling indication, it will rise; a positive price movement will be indicated by the histogram line; and a value spike more than zero will be indicated by the QQE MOD Crypto signals.
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