Buyers’ excitement is increasing
SPONGEUSDT Price Analysis – 29 March
If the bulls are unable to break above the $0.000577 level, SPONGEUSDT may have a bearish reversal and the price may fall below the support levels of $0.000500, $$0.000455, and $0.000400 price levels. If the bulls apply additional pressure to break over the resistance level at $0.000577, the price may increase as high as $0.000695 and $0.000886, in that order.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000577, $0.000695, $0.000886
Support levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term Trend: Bullish
The daily SPONGEUSDT chart is bullish. More than two weeks have passed since the buyers took possession of the currency. Every day, there are strong bullish candles generated, and the price is gradually rising. Bulls drove the price to the $0.000455 resistance level, from where it was smashed higher to reach $0.000577. Bulls may break above the previously mentioned level if they keep up their pressure.
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SPONGEUSDT continues to trade above the Hull Suite Crypto signals’ pricing mechanism, indicating increasing bullish momentum. If the bulls are unable to break above the $0.000577 level, the currency may have a bearish reversal and the price may fall below the support levels of $0.000500, $$0.000455, and $0.000400 price levels. If the bulls apply additional pressure to break over the resistance level at $0.000577, the price may increase as high as $0.000695 and $0.000886, in that order.
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SPONGEUSDT Medium-term Trend: Bullish
The 4-hour chart shows bullish movement for SPONGEUSDT. The $0.000500 resistance level was tested by the bulls’ pressure. Bears are unable to overpower Bulls for several days. The price retreated to retest the broken level. After the conflict between bulls and bears, the price is currently increasing.
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The Hull Suite Crypto indicators are being approached by the price, which is currently trading above them. The QQE MOD Crypto signals will display a value spike larger than zero, and the histogram line is indicating a positive price direction.
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