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Sponge is rising towards $0.00061 level
SPONGEUSDT Price Analysis – 11 June
The resistance levels of $0.00077 and $0.00087 will be tested if bulls keep pushing SPONGEUSDT higher; however, a moving market will surely see a retreat. It is necessary to examine the $0.00033 and $0.00026 support levels if the $0.00050 level is broken.
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
Over time, SPONGEUSDT’s price continues to rise. The Bulls were the best team in the sponge market. The price peaked in the positive trend on May 1 at $0.000500. The Bears put an end to the rise, and the price dropped below $0.00026. The currency oscillated horizontally between the $0.00033 and $0.00026 price levels for more than eight days, indicating that the momentum of bulls and bears is roughly equal. On June 5, a bullish candle appeared and broke over the prior supply level of $0.00050. At yesterday’s close, the sponge market’s daily chart displayed a bullish candle, indicating that price gains are probably in store.
According to the Suite Hull cryptocurrency signals indicator, the SPONGE market is expanding extremely quickly because it is trading above. In the QQE MOD, a cryptocurrency signal recommends buying when the histogram line is above zero. The cost of sponges has increased to $0.00061, and more increases are anticipated. The resistance levels of $0.00077 and $0.00087 will be tested if bulls keep pushing the market higher; however, a moving market will surely see a retreat. It is necessary to examine the $0.00033 and $0.00026 support levels if the $0.00050 level is broken.
SPONGEUSDT Short-term Trend: Bullish
For the medium-range prediction, SPONGE is an excellent option. Sponge was trading sideways between the $0.00043 and $0.00026 price levels for over a week. On June 5th, the Bulls broke above the $0.00043 barrier, sending the currency’s value soaring to $0.00050. Positive sentiment started to surface, and the price started to rise toward $0.00061.
A significant upward trend is indicated by the price of SPONGE crossing the Hull Suite Crypto signals indicators. The QQE MOD Crypto signals show a developing sponge market as long as the signal line stays above zero.
Sponge is love and life
🧽 $SPONGE is love, $SPONGE is life#SpongeV2 #MemeCoins #Crypto pic.twitter.com/VhvkCbl6m7
— $SPONGE (@spongeoneth) June 6, 2024
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