SPONGEUSDT Price Is Under Bullish Pressure

Sponge price increase is eminent

SPONGEUSDT Price Analysis – 17 July

The coin will hit resistance at $0.00040 after rising above the dynamic resistance levels; further bull momentum building will push the SPONGEUSDT price to levels $0.00050 and $0.00060. If the price rise is halted at the $0.00040 resistance level, bearish momentum could be observed in the $0.00026, $0.00020, and $0.00010 support levels.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00040, $0.00050, $0.00060

Support levels: $0.00026, $0.00020, $0.00010

SPONGEUSDT Long-term Trend – Bullish

For the previous two weeks, SPONGEUSDT has been under bullish pressure. A price range of $0.00026 to $0.00040 has been observed. On May 5, the bears initially forced the coin to test the $0.00026 support level. After failing to break through the level, it withdrew to retest the slow dynamic resistance level of the Hull Suite. On May 8, it reverses to try the $0.00026 support level again. More price reductions were rejected by the level. More bullish daily candles are currently forming, and the price is progressively rising toward the $0.00060 price level.

The fact that the cryptocurrency is now trading around the Hull Suite forex signals indicator and breaking over the dynamic resistance level suggests that the bulls are progressively gaining strength in the SPONGEUSDT market. The coin will hit resistance at $0.00040 after rising above the dynamic resistance levels; further bull momentum building will push the SPONGEUSDT price to levels $0.00050 and $0.00060. If the price rise is halted at the $0.00040 resistance level, bearish momentum could be observed in the $0.00026, $0.00020, and $0.00010 support levels.

SPONGEUSDT Medium-term Trend – Bullish

The SPONGEUSDT Market’s buyer activity has significantly increased, according to the medium-term assessment. At the $0.00026 price level, the price action created a bullish reversal pattern known as a “double bottom” chart pattern. SPONGEUSDT is expected to cost $0.00040. At that point, the prices of $0.00050 and $0.00060 are reachable.

The currency is outperforming the Hull Suite crypto signals’ indication. On the other hand, when the QQE MOD histogram is greater than zero, a buy signal manifests.

Is #AltSeason ready for you?

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— $SPONGE (@spongeoneth) July 14, 2024

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