SPONGEUSDT Price May Rise above $0.000310 Level
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SPONGEUSDT Price May Rise above $0.000310 Level

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Azeez Mustapha

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Buyers’ momentum is increasing

SPONGEUSDT Price Analysis – 03 June

SPONGEUSDT price is expected to rise further; if the bulls apply more pressure, the price levels of $0.000360 and $0.000400 may be reached, but a trending market will inevitably see a retreat. As an alternative, if the $0.000250 level is broken, the support levels of $0.000253 and $0.000145 may be examined.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000310, $0.000360, $0.000400

Support levels: $0.000253, $0.000250, $0.000145

SPONGEUSDT Long-term Trend: Bullish

The price of SPONGEUSDT is still following a bullish trend in the long run. The Sponge market was dominated by the Bulls. On May 1, the price peaked in the bullish trend at the $0.000400 mark. The price was forced down to the $0.000145 level as the Bears paused the uptrend. For over eight days, the coin moved sideways between the price levels of $0.000253 and $0.000250, suggesting that the momentum of the bulls and bears is about equal. A bullish candle that broke beyond the previous supply level of $0.000250 appeared on May 26. The daily chart of the sponge market showed a bullish candle as it closed yesterday, indicating a tendency for the sponge price to increase.

SPONGEUSDT Price May Rise above <img fetchpriority=.000310 Level" width="580" height="266" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/06/Daily-7-1024x470.png"/> The Suite Hull cryptocurrency signals indicator trading below coin values, the SPONGE market is experiencing tremendous positive momentum. At QQE MODEL A purchase signal is indicated by a cryptocurrency signal when the histogram line is above zero. The sponge price is expected to rise further; if the bulls apply more pressure, the price levels of $0.000360 and $0.000400 may be reached, but a trending market will inevitably see a retreat. As an alternative, if the $0.000250 level is broken, the support levels of $0.000253 and $0.000145 may be examined.

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SPONGEUSDT Short-term Trend: Bullish

Regarding the medium-term prospects, SPONGE is optimistic. For more than a week, Sponge was floating sideways between the price ranges of $0.000253 and $0.000145. The currency surged towards the $0.000253 price level on May 26 as the Bulls broke over the $250 mark. As the bulls’ enthusiasm waned, the price began to level off above $0.000250.

SPONGEUSDT Price May Rise above <img decoding=.000310 Level" width="580" height="266" data-lazy-src="https://learn2.trade/wp-content/uploads/2024/06/4-hours-4-1024x470.png"/>

The price of SPONGE is trading above the Hull Suite Crypto indications, pointing to a significant upward trend. There is still consolidation taking place in the Sponge market, according to the QQE MOD Crypto signals with the signal line above zero level.

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