SPONGEUSDT Price Is Rising Because of Struggle Between Bulls and Bears

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Bulls are gathering momentum in SPONGEUSDT market

SPONGEUSDT Price Analysis – 17 April

If the bulls are unable to break above the $0.000577 level, the cryptocurrency may have a bearish reversal and fall below the support levels of $0.000500, $$0.000455, and $0.000400 price levels. SPONGEUSDT might rise as high as $0.000695 and $0.000886, respectively, if the bulls can keep up their pace and break above the $0.000577 resistance mark.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000577, $0.000695, $0.000886

Support levels: $0.000500, $0.000455, $0.000400

SPONGEUSDT Long-term Trend: Bullish

On the daily SPONGEUSDT chart, bullish. More than two weeks have passed since the buyers and sellers disagreed. The price is steadily increasing, and strong bullish candles are forming daily. The market was driven upward by bulls, reaching the resistance level at $0.000455, then falling down to that level and rising to $0.000577. Bulls may break over the previously marked level if they keep up their pressure.

It looks to be gaining momentum because SPONGEUSDT is trading above the Hull Suite Crypto signals’ price mechanism. If the bulls are unable to break above the $0.000577 level, the cryptocurrency may have a bearish reversal and fall below the support levels of $0.000500, $$0.000455, and $0.000400 price levels. The price might rise as high as $0.000695 and $0.000886, respectively, if the bulls can keep up their pace and break above the $0.000577 resistance mark.

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SPONGEUSDT Medium-term Trend: Bullish

The SPONGEUSDT 4-hour chart is trending upward. The $0.000500 resistance level was tested by the bulls’ pressure. The Bulls are unable to beat the Bears for days. The price retreated to retest the broken level. The price is currently rising because of the struggle between bulls and bears.

The price will go closer to them as long as it remains above the Hull Suite Crypto signals indicator. The QQE MOD Crypto signals will display a value spike greater than zero, and the histogram line will positively represent the price movement.

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