Buyers’ pressure is increasing in SPONGEUSDT market
SPONGEUSDT Price Analysis – 06 May
The price may rise as high as $0.000400 and $0.000455, respectively, if the bulls are successful in breaking above the $0.000358 resistance mark. The price of the SPONGEUSDT may see a bearish reversal and fall below the support levels of $0.000311, $0.000249, and $0.000190 if the bulls are unable to hold onto their gains and break over the $0.000358 mark
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000358, $0.000400, $0.000455
Support levels: $0.000311, $0.000249, $0.000190
SPONGEUSDT Long-term Trend: Bullish
On the daily chart of SPONGEUSDT, positive. The buyers and sellers have been unable to reach a consensus for more than two weeks. The price is growing gradually, and there are solid daily forms of bullish candles. In today’s market, buyers lost ground, and sellers are driving it towards $0.000358 and low to the $0.000311 support level. If the bulls maintain their current pace of pressure, they could surpass the previously set target.
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 high as $0.000400 and $0.000455, respectively, if the bulls are successful in breaking above the $0.000358 resistance mark. The price of the cryptocurrency may see a bearish reversal and fall below the support levels of $0.000311, $0.000249, and $0.000190 if the bulls are unable to hold onto their gains and break over the $0.000358 mark.
SPONGEUSDT Medium-term Trend: Bullish
The four-hour SPONGEUSDT chart shows an upward trend. The push from the bulls is testing the $0.000455 resistance level today. For days, the Bulls are unable to defeat the Bears. To retest the broken level, the price pulled back. The pressure from the bulls is currently driving up the price.
As long as the price stays above the Hull Suite Crypto signaling indication, it will rise. A positive price movement will be displayed by the histogram line, and a value spike larger than zero will be displayed by the QQE MOD Crypto signals.
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