Bears push price to retest $0.0000250 level
SPONGEUSDT Price Analysis – 21 May
If the bulls are able to break above the $0.000356 resistance level, the price might increase as far as $0.000400 and $0.000455, respectively. If the bulls are unable to hold onto their gains and break above $0.000356, the price of the SPONGEUSDT may experience a bearish reversal, dropping below the $0.000309, $0.000250, and $0.000189 support levels.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000356, $0.000400, $0.000455
Support levels: $0.000309, $0.000250, $0.000189
SPONGEUSDT Long-term Trend: Bullish
The daily chart shows that SPONGEUSDT is increasing. There are consistent daily patterns of bullish candles, and the price is rising gradually. In the current market, buyers are driving the price over the resistance level of $0.000356 as well as over $0.000309, where sellers are losing ground. Bulls may exceed the predetermined target if they maintain their current rate of pressure. In two weeks, the buyers and sellers may have made up their minds.
Given that SPONGEUSDT is presently trading above the Hull Suite Crypto signals’ pricing mechanism, it looks to be accelerating. If the bulls are able to break above the $0.000356 resistance level, the price might increase as far as $0.000400 and $0.000455, respectively. If the bulls are unable to hold onto their gains and break above $0.000356, the price of the cryptocurrency may experience a bearish reversal, dropping below the $0.000309, $0.000250, and $0.000189 support levels.
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SPONGEUSDT Medium-term Trend: Bullish
The four-hour chart of SPONGEUSDT indicates a rising trend. The bulls’ rise tested the $0.000455 barrier level a few days ago. For days, the Bulls are unable to defeat the Bears. To retest the broken level, the price pulled back. Bullish pressure is currently pushing the price higher.
Right now, bullish pressure is pushing the price higher. The price will climb as long as it stays above the Hull Suite Crypto signaling indication; the histogram line will suggest a positive price movement; and the QQE MOD Crypto signals will indicate a value spike larger than zero.
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