SPONGEUSDT Price: More Bullish Daily Candles Are Emerging

Azeez Mustapha

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Bulls’ Pressure increases

SPONGEUSDT Price Analysis – 21 June

The coin will reach the $0.00061 resistance level at the breach of the dynamic resistance levels; further build-up of bull momentum will drive the SPONGEUSDT price to levels $0.00077 and $0.00087. If opposition at the $0.00061 resistance level breaks the price rise, bearish momentum may extend to the $0.00050, $0.00033, and $0.00026 support levels.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00061, $0.00077, $0.00087

Support levels: $0.00050, $0.00033, $0.00026

SPONGEUSDT Long-term Trend – Bullish

For the past two weeks, SPONGEUSDT has been under bullish pressure. The range of prices that have been seen is $0.00026 to $0.00033. On May 5, the bears initially forced the coin to test the $0.00026 support level. It failed to break through the level and withdrew to retest the slow dynamic resistance level of Hull Suite. On May 8, it reverses to try the $0.00026 support level again. More price reduction were rejected by the level. More bullish daily candles are emerging in line with the situation, and the price is progressively rising toward the $0.00061 price level.

SPONGEUSDT Price: More Bullish Daily Candles Are Emerging

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 reach the $0.00061 resistance level at the breach of the dynamic resistance levels; further build-up of bull momentum will drive the SPONGEUSDT price to levels $0.00077 and $0.00087. If opposition at the $0.00061 resistance level breaks the price rise, bearish momentum may extend to the $0.00050, $0.00033, and $0.00026 support levels.

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SPONGEUSDT Medium-term Trend – Bullish

The medium-term outlook shows that buyers are gaining massive traction in the SPONGEUSDT Market. At the $0.00026 price level, the price action created a bullish reversal pattern known as a “double bottom” chart pattern. It is anticipated that SPONGEUSDT will reach $0.00061 in price. It can then increase to the pricing points of $0.00077 and $0.00087.

SPONGEUSDT Price: More Bullish Daily Candles Are Emerging

The coin is moving beyond the Hull Suite crypto signals’ indication. In contrast, a purchase signal is indicated by the QQE MOD when its histogram is above zero.

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Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

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