SPONGEUSDT Price Is Risen Towards $0.00061 Level

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SPONGEUSDT Price Analysis – 12 June

Sponge prices have risen to $0.00061, and further rises are expected. If bulls continue driving the market higher, the resistance levels of $0.00077 and $0.00087 will be tested; a moving market will undoubtedly experience a retreat. If the $0.00050 level is breached, we need to look at the $0.00033 and $0.00026 support levels.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00061, $0.00077, $0.00087

Support levels: $0.00050, $0.00033, $0.00026

SPONGEUSDT Long-term Trend: Bullish

The price of SPONGEUSDT keeps rising over time. In the sponge market, the Bulls were the greatest team. On May 1, the price reached its pinnacle in the upward trend at $0.000500. The increase was stopped by the Bears, and the price fell below $0.00026. For over eight days, the currency moved in a horizontal pattern between the $0.00033 and $0.00026 price levels, suggesting that the momentum of bulls and bears is about equal. A bullish candle that broke over the previous supply level of $0.00050 emerged on June 5. The daily chart of the sponge market showed a bullish candle at yesterday’s finish, suggesting that price gains are most likely forthcoming.

The SPONGE market is growing very swiftly, based on the Suite Hull cryptocurrency signals indicator, since it is trading above. When the histogram line is above zero, a cryptocurrency signal in the QQE MOD suggests buying. Sponge prices have risen to $0.00061, and further rises are expected. If bulls continue driving the market higher, the resistance levels of $0.00077 and $0.00087 will be tested; a moving market will undoubtedly experience a retreat. If the $0.00050 level is breached, we need to look at the $0.00033 and $0.00026 support levels.

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SPONGEUSDT Short-term Trend: Bullish

SPONGE is a great choice for the medium-range forecast. For more than a week, Sponge’s price was fluctuating between the $0.00043 and $0.00026 range. The Bulls burst through the $0.00043 barrier on June 5th, which caused the currency’s value to rise to $0.00050. As optimism began to emerge, the price began to move up toward $0.00061.

The price of SPONGE crossing the Hull Suite Crypto signals indicators points to a notable upward trend. As long as the signal line is above zero, the QQE MOD Crypto indications indicate a developing sponge market.

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Nobody can stop $SPONGE. 🧽💦 pic.twitter.com/Ha25IpwHvy

— $SPONGE (@spongeoneth) June 11, 2024

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