Buyers are pushing hard to break up $0.000577 level
SPONGEUSDT Price Analysis – 28 March
SPONGEUSDT may have a bearish reversal and the price may drop towards the support levels of $0.000500, $$0.000455, and $0.000400 price levels if the bulls are unable to break above the $0.000577 level. Should the bulls exert more pressure to breach the resistance level at $0.000577, the price might rise to the levels of $0.000695 and $0.000886, respectively
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000577, $0.000695, $0.000886
Support levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term Trend: Bullish
SPONGEUSDT daily chart shows bullishness. The purchasers have had more than two weeks to maintain control over the coin. Strong bullish candles are formed every day, and the price is rising gradually. After price was driven by bulls to the resistance level of $0.000455, it was broken higher to hit $0.000577. If bulls continue to apply pressure, the previously indicated level could be broken upward.
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As a sign of growing bullish momentum, SPONGEUSDT keeps trading above the pricing mechanism of the Hull Suite Crypto signals. The coin may have a bearish reversal and the price may drop towards the support levels of $0.000500, $$0.000455, and $0.000400 price levels if the bulls are unable to break above the $0.000577 level. Should the bulls exert more pressure to breach the resistance level at $0.000577, the price might rise to the levels of $0.000695 and $0.000886, respectively.
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SPONGEUSDT Medium-term Trend: Bullish
On the 4-hour chart, SPONGEUSDT is moving positively. The pressure from the bulls tested the $0.000500 resistance level. The bulls hold their ground over the Bears for several days. To retest the broken level, the price pulled back. The price is currently consolidating as a result of the bulls and bears battling with one another.
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The price is closely approaching and trading above the Hull Suite Crypto indications. A value spike greater than zero will be shown in the QQE MOD Crypto signals, and the histogram line will show a positive price direction.
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