SPONGEUSDT Price Ranging Movement at $0 .00033 and $0.00087

Sponge market gradually increasing

SPONGEUSDT Price Analysis – 08 July

After the coin breaks over the dynamic resistance levels, it will encounter resistance at $0.00061; additional bull momentum accumulation will drive the SPONGEUSDT price to levels $0.00077 and $0.00087. Bearish momentum may be seen in the $0.00050, $0.00033, and $0.00026 support levels if the price rise is stopped at the $0.00061 resistance level.

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

SPONGEUSDT has been under bullish pressure for the past two weeks. We’ve seen a price ranging of $0.00026 to $0.00033. The coin was first pushed to test the $0.00026 support level on May 5 by the bears. It withdrew to retest the slow dynamic resistance level of the Hull Suite after failing to break through the level. It reverses to attempt the $0.00026 support level once more on May 8. The level refused more price reductions. In the current situation, more bullish daily candles are emerging and the price is gradually moving higher toward the $0.00061 price level.

The fact that the cryptocurrency is currently breaking above the dynamic resistance level and trading around the Hull Suite forex signals indicator indicates that the bulls are gradually gaining ground in the SPONGEUSDT market. After the coin breaks over the dynamic resistance levels, it will encounter resistance at $0.00061; additional bull momentum accumulation will drive the SPONGEUSDT price to levels $0.00077 and $0.00087. Bearish momentum may be seen in the $0.00050, $0.00033, and $0.00026 support levels if the price rise is stopped at the $0.00061 resistance level.

SPONGEUSDT Medium-term Trend – Bullish

The medium-term assessment points to a notable increase in buyer activity on the SPONGEUSDT Market. The price action formed a bullish reversal pattern at the $0.00026 price level, which is referred to as a “double bottom” chart pattern. The estimated price of SPONGEUSDT is $0.00061. The prices of $0.00077 and $0.00087 can then be reached.

The currency is outpacing the indication of the Hull Suite crypto signals. Conversely, a purchase signal appears when the QQE MOD histogram is larger than zero.

It’s not finished yet.

It’s not over yet… 🧽💦 pic.twitter.com/E9F8dc4mun

— $SPONGE (@spongeoneth) July 5, 2024

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