Sellers are losing ground in Sponge market
SPONGEUSDT Price Analysis – 20 May
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. A bearish reversal in the price of the SPONGEUSDT may occur if the bulls are unable to hold onto their gains and break over $0.000356, falling below the $0.000309, $0.000250, and $0.000189 support levels.
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
SPONGEUSDT is growing, as can be seen in the daily chart. The price is steadily increasing, and there are regular daily patterns of bullish candles. In the current market, buyers are pushing the price over $0.000309, where sellers are losing ground, and over the resistance level of $0.000356. If bulls keep applying pressure at this current pace, 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. A bearish reversal in the price of the cryptocurrency may occur if the bulls are unable to hold onto their gains and break over $0.000356, falling below the $0.000309, $0.000250, and $0.000189 support levels.
Is the SpongeBob ($SPONGE) Token a Fraud?
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT’s 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 driving the price up right now. As long as the price remains above the Hull Suite Crypto signaling indication, it will continue to rise; a positive price movement will be shown by the histogram line; and a value spike bigger than zero will be indicated by the QQE MOD Crypto signals.
Who detects the dampness?
Happy Sunday, #SPONGERS! ☀️
Who smells the damp? 🔎 #SpongeV2 #FLOKI #PEPE #WIF pic.twitter.com/XbgWoQe5Me
— $SPONGE (@spongeoneth) May 19, 2024
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