Bulls momentum increases in SPONGEUSDT market
SPONGEUSDT Price Analysis – 19 April
SPONGEUSDT may have a bearish reversal and drop below the support levels of $0.000249, $0.000190, and $0.000143 price levels if the bulls are unable to break above the $0.000311 level. If the bulls can maintain their momentum and break above the $0.000311 resistance level, the price may increase as high as $0.000358 and $0.000400 respectively
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000311, $0.000358, $0.000400
Support levels: $0.000249, $0.000190, $0.000143
SPONGEUSDT Long-term Trend: Bullish
Bullish on the daily SPONGEUSDT chart. It has been more than two weeks since the sellers and purchasers couldn’t agree. Strong bullish candles are forming daily, and the price is rising gradually. Bears propelled the market downward, hitting the support level at $0.000249, then dropping to it and rising to $0.000311. If bulls maintain their pressure, they could surpass the previously indicated level.
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Given that SPONGEUSDT is trading above the price mechanism of the Hull Suite Crypto signals, it appears to be gaining momentum. The cryptocurrency may have a bearish reversal and drop below the support levels of $0.000249, $0.000190, and $0.000143 price levels if the bulls are unable to break above the $0.000311 level. If the bulls can maintain their momentum and break above the $0.000311 resistance level, the price may increase as high as $0.000358 and $0.000400 respectively.
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SPONGEUSDT Medium-term Trend: Bullish
The 4-hour SPONGEUSDT chart is showing an increasing trend. The pressure from the bulls tested the $0.000500 resistance level. For days, the Bulls are unable to defeat the Bears. To retest the broken level, the price pulled back. The battle between bulls and bears is the reason why the price is currently climbing.
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As long as the price stays above the Hull Suite Crypto signaling indicator, it will move closer to them. A value spike larger than zero will be displayed by the QQE MOD Crypto signals, and the price movement will be favorably represented by the histogram line.
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