SPONGEUSDT Price Is Testing $0.000400 Level

Buyers’ momentum is increasing

SPONGEUSDT Price Analysis – 05 June

The price of sponge is anticipated to grow higher; the price levels of $0.000400 has been reached, if the bulls exert additional pressure, the resistance level of $0.000502 and $0.000610 will be tested, but a moving market will surely witness a retreat. Alternatively, the support levels of $0.000253 and $0.000145 should be investigated if the $0.000360 level is violated.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000400, $0.000502, $0.000610

Support levels: $0.000360, $0.000310, $0.000253

SPONGEUSDT Long-term Trend: Bullish

Long-term, the price of SPONGEUSDT continues to move in a favorable direction. The Bulls were the dominant team in the sponge market. The price reached its peak in the bullish trend on May 1 at $0.000400. The Bears halted the upswing, driving the price down below the $0.000145 mark. The currency fluctuated sideways between the price levels of $0.000253 and $0.000250 for more than eight days, indicating that the momentum of bulls and bears is roughly equal. On May 26, a bullish candle developed that broke over the prior supply level of $0.000250. When the sponge market closed yesterday, its daily chart displayed a bullish candle, suggesting that the price of sponges is likely to rise.

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Trading below coin values, the Suite Hull cryptocurrency signals indicator shows that the SPONGE market is gaining a lot of amazing momentum. In the QQE MOD a cryptocurrency signal indicates a buy when the histogram line is above zero. The price of sponge is anticipated to grow higher; the price levels of $0.000400 has been reached, if the bulls exert additional pressure, the resistance level of $0.000502 and $0.000610 will be tested, but a moving market will surely witness a retreat. Alternatively, the support levels of $0.000253 and $0.000145 should be investigated if the $0.000360 level is violated.

SPONGEUSDT Short-term Trend: Bullish

With respect to the medium-range outlook, SPONGE is upbeat. Sponge was oscillating sideways between the $0.000253 and $0.000145 price levels for more over a week. On May 26, the Bulls broke above $250, and the currency shot up to the $0.000253 price barrier. With the waning of bullish sentiment, the price started to stabilize above $0.000250.

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The Hull Suite Crypto indicators are being crossed by the price of SPONGE, indicating a strong rising trend. The QQE MOD Crypto signals with the signal line above zero level indicate that the Sponge market is rising.

Damn, it feels good to be a #SPONGER! 🧽 🚀 🔥 #SpongeV2 #MemeCoins #100x pic.twitter.com/Omds25JMnp

— $SPONGE (@spongeoneth) June 4, 2024

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