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Bulls are dominating Sponge market
SPONGEUSDT Price Analysis – 20 March
There may be an additional upside in the price of SPONGEUSDT if the currency breaks through the $0.000577 barrier level following the price increase. These growth targets are represented by the numbers $0.000695 and $0.000886. The price may go below $0.000500, $0.000455, and $0.000400 if the bears are successful in holding the $0.000577 resistance level.
Key levels:
Supply levels: $0.000577, $0.000695, $0.000886
Demand levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term Trend: Bullish
SPONGEUSDT is bullish in the long run. The value of the cryptocurrency stabilized last week at $0.000577, but purchasers are still driving the SPONGEUSDT market higher. The cost of sponges has increased and is now about $0.000577. More bullish daily candles appeared, and the level that had been predicted quickly rose. The sponge market is getting compressed as a result of bulls pressing on sellers.
The Hull Suite Crypto signals‘ pricing methodology suggests that the bulls’ momentum is building. Moreover, there is a chance that the QQE MOD Crypto signals will show a value spike that is higher than zero. There may be an additional upside in the price of SPONGEUSDT if the currency breaks through the $0.000577 barrier level following the price increase. These growth targets are represented by the numbers $0.000695 and $0.000886. The price may go below $0.000500, $0.000455, and $0.000400 if the bears are successful in holding the $0.000577 resistance level.
Is it wise to purchase Sponge V2?🚨 (Pre-sale review of Sponge V2)
SPONGEUSDT Medium-term Trend: Bullish
When considering things from a medium-term perspective, SPONGEUSDT is helpful. Over the preceding week, there were more buyers than sellers at the $0.000400 support level. The $0.000455 and $0.000500 resistance levels are crossed by the price. The resistance level to aim for is $0.000577. The price surpasses and stays above the first predicted threshold. Since bulls are beginning to reenter the market, prices could rise far more.
The pricing agreement and the Hull Suite indicator. A purchase in the QQE MOD is indicated by an upward-pointing histogram line.
You have yet to see nothing.
You aint seen nothing yet 😎$SPONGE #BullMarket #AltSeason pic.twitter.com/Vj4fLSW6M4
— $SPONGE (@spongeoneth) March 20, 2024
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