SPONGEUSDT Price Is Increasing Towards $0.00050 Level

Further price increase is possible

SPONGEUSDT Price Analysis – 15 July

After surpassing the dynamic resistance levels, the coin will encounter resistance at $0.00040; additional bull momentum accumulation will drive the SPONGEUSDT price to levels $0.00050 and $0.00060. Bearish momentum may be seen in the $0.00026, $0.00020, and $0.00010 support levels if the price advance is stopped at the $0.00040 resistance level.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00040, $0.00050, $0.00060

Support levels: $0.00026, $0.00020, $0.00010

SPONGEUSDT Long-term Trend – Bullish

SPONGEUSDT has been under bullish pressure for the past two weeks. We’ve seen a price ranging of $0.00026 to $0.00040. 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 more price reductions. Right now, there are more bullish daily candles emerging, and the price is gradually moving higher in the direction of the $0.00060 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. After surpassing the dynamic resistance levels, the coin will encounter resistance at $0.00040; additional bull momentum accumulation will drive the SPONGEUSDT price to levels $0.00050 and $0.00060. Bearish momentum may be seen in the $0.00026, $0.00020, and $0.00010 support levels if the price advance is stopped at the $0.00040 resistance level.

Will this Meme Crypto Coin Increase by 100X over the Next Few Months?

SPONGEUSDT Medium-term Trend – Bullish

The medium-term assessment shows a notable increase in buyer activity on the SPONGEUSDT Market. 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 anticipated cost of SPONGEUSDT is $0.00040. The prices of $0.00050 and $0.00060 are then attainable.

The currency is outperforming the indication of the Hull Suite crypto signals. Conversely, a purchase signal appears when the QQE MOD histogram is larger than zero.

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— $SPONGE (@spongeoneth) July 14, 2024

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