SPONGEUSDT Price Tests Resistance Level of $0.000577, What Next?

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SPONGEUSDT may break up $0.000577 resistance level

SPONGEUSDT Price Analysis – 27 March

Should the bulls fail to break up $0.000577 level, the SPONGEUSDT may experience a bearish reversal and the price may decline towards the support level of $0.000500, $$0.000455 and $0.000400price level. In case the bulls’ pressure increase to break up the resistance level of $0.000577, then, the price may increase to $0.000695 and $0.000886   levels.

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 currency pair has been under the control of the buyers for more than two weeks. Daily strong bullish candles are produced and the price is increasing steadily. Bulls have pushed the price to the resistance level of $0.000455 and it was broken upside to reach the resistance level of $0.000577. The just-mentioned level may be broken upside provided bulls exert more pressure.

SPONGEUSDT continues trading above the Hull Suite Crypto signals’ pricing methodology as a sign of an increase in bulls’ momentum. Should the bulls fail to break up $0.000577 level, the Coin may experience a bearish reversal and the price may decline towards the support level of $0.000500, $$0.000455 and $0.000400price level. If the bulls’ pressure increases to break up the resistance level of $0.000577, then the price may increase to $0.000695 and $0.000886   levels.

SPONGEUSDT Medium-term Trend: Bullish

SPONGEUSDT is on the bullish movement on the 4-hour chart. The bulls’ pressure tested the resistance level of $0.000500. The bulls remain strong against the Bears for many days. The price pulled back to retest the broken level. The bulls and bears are struggling with each other and this is making the price consolidate at the moment.

The price is trading above the Hull Suite Crypto signals at close contact. The QQE MOD Crypto signals will exhibit a value spike that is larger than zero with the histogram line displaying bullish price direction.

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