SPONGEUSDT is doing well
SPONGEUSDT Price Analysis – 15 May
If the bulls are able to break above the $0.000356 resistance level, the price might increase as high as $0.000400 and $0.000455, respectively. The price of SPONGEUSDT may witness a bearish reversal and plummet below the support levels of $0.000309, $0.000250, and $0.000189 if the bulls are unable to hold onto their gains and break above the $0.000356 mark
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 shows that the SPONGEUSDT is rising. There are consistent daily patterns of bullish candles, and the price is rising gradually. In the present market, buyers are driving the price over the $0.000356 resistance level and past $0.000309, which is where sellers are losing ground. Bulls may exceed the predetermined target if they keep up their current rate of pressure. It may take less than two weeks for the buyers and sellers to come to an agreement.
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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 $0.000356 resistance level, the price might increase as high as $0.000400 and $0.000455, respectively. The price of the cryptocurrency may witness a bearish reversal and plummet below the support levels of $0.000309, $0.000250, and $0.000189 if the bulls are unable to hold onto their gains and break above the $0.000356 mark.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT four-hour chart exhibits a rising trend. A few days ago, the bulls’ surge tested the resistance level at $0.000455. The Bulls are unable to beat the Bears for days. The price retreated to retest the broken level. The price is currently rising due to bullish pressure.
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The price will grow as long as it remains above the Hull Suite Crypto signaling indicator. The histogram line will show a positive price movement, and the QQE MOD Crypto signals will show a value spike greater than zero.
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