Bulls will prevail over bears in Sponge market
SPONGEUSDT Price Analysis – 03 April
If the bulls are unable to break above the $0.000577 level, the cryptocurrency may have a bearish reversal and fall below the support levels of $0.000500, $$0.000455, and $0.000400 price levels. SPONGEUSDT can rise as high as $0.000695 and $0.000886, respectively, if the bulls can sustain their current momentum and break above the resistance level of $0.000577.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000577, $0.000695, $0.000886
Support levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term Trend: Bullish
On the daily chart, SPONGEUSDT is bullish. The buyers haven’t gotten the money in over two weeks. Every day, strong bullish candles develop, and the price is rising gradually. Bulls drove the price up to the resistance level at $0.000455, from there it jumped again to reach $0.000577. Sellers waged war against buyers and the price pulled back. Bulls may break over the previously marked level if they keep up their pressure.
Given that it is trading above the Hull Suite Crypto signals’ price mechanism, SPONGEUSDT is displaying increasing positive momentum. If the bulls are unable to break above the $0.000577 level, the cryptocurrency may have a bearish reversal and fall below the support levels of $0.000500, $$0.000455, and $0.000400 price levels. The price can rise as high as $0.000695 and $0.000886, respectively, if the bulls can sustain their current momentum and break above the resistance level of $0.000577.
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SPONGEUSDT Medium-term Trend: Bullish
The 4-hour SPONGEUSDT chart shows bullish activity. The $0.000500 resistance level was tested by the bulls’ pressure. The Bears can’t beat the Bulls for many days. The price retreated to retest the broken level. The price is currently rising as a result of the bull-bear war.
The price is getting closer to the Hull Suite Crypto indicators, as it is currently trading above them. The QQE MOD Crypto signals will exhibit a value spike greater than zero, and the price trend will be indicated positively by the histogram line.
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