SPONGEUSDT Price Indicates Purchase Signal

Buyers are increasing daily in sponge market

SPONGEUSDT Price Analysis – 31 May

SPONGEUSDT price is expected to rise further; if the bulls apply more pressure, the price levels of $0.000360 and $0.000400 may be reached, but a trending market will inevitably see a retreat. As an alternative, if the $0.000250 level is broken, the support levels of $0.000253 and $0.000145 may be examined.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000310, $0.000360, $0.000400

Support levels: $0.000253, $0.000250, $0.000145

SPONGEUSDT Long-term Trend: Bullish

The price of SPONGEUSDT is still following a bullish trend in the long run. The Sponge market was dominated by the Bulls. On May 1, the price peaked in the bullish trend at the $0.000400 mark. The price was forced down to the $0.000145 level as the Bears paused the uptrend. For over eight days, the coin moved sideways between the price levels of $0.000253 and $0.000250, suggesting that the momentum of the bulls and bears is about equal. A bullish candle that broke beyond the previous supply level of $0.000250 appeared on May 26. The daily chart of the sponge market showed a bullish candle as it closed yesterday, indicating a tendency for the sponge price to rise.

The Suite Hull forex signals are trading below coin values, the SPONGE market is experiencing tremendous positive momentum.  A purchase signal is indicated by a QQE MODEL cryptocurrency signal: when the histogram line is above zero. The sponge price is expected to rise further; if the bulls apply more pressure, the price levels of $0.000360 and $0.000400 may be reached, but a trending market will inevitably see a retreat. As an alternative, if the $0.000250 level is broken, the support levels of $0.000253 and $0.000145 may be examined.

SPONGEUSDT Short-term Trend: Bullish

Regarding the medium-term prospects, SPONGE is optimistic. For more than a week, Sponge was floating sideways between the price ranges of $0.000253 and $0.000145. The currency surged towards the $0.000253 price level on May 26 as the Bulls broke over the $0.000250 mark. As the bulls’ enthusiasm waned, the price began to level off above $0.000250.

The price of SPONGE is trading above the Hull Suite Crypto indications, pointing to a significant upward trend. There is still consolidation taking place in the Sponge market, according to the QQE MOD Crypto signals with the signal line above zero level.

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