Battle Between Bears and Bulls in SPONGEUSDT market
SPONGEUSDT Price Analysis – 01 May
The price may rise as far as $0.000358 and $0.000400, respectively, if the bulls are successful in breaking above the $0.000311 resistance mark. The price of SPONGEUSDT may see a negative reversal and go below the support levels of $0.000249, $0.000190, and $0.000143 if the bulls are unable to hold their gains and break above the $0.000311 level.
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 chart of SPONGEUSDT. Reaching a consensus has taken the buyers and sellers over two weeks. Strong bullish candles are forming every day, and the price is gradually increasing. Bears drove the market lower, taking it as high as $0.000311 and then as low as the $0.000249 support level. If bulls maintain their pressure, they could breach above the previously marked goal.
It appears like SPONGEUSDT is gaining pace because it is currently trading above the price mechanism of the Hull Suite Crypto signals. The price may rise as far as $0.000358 and $0.000400, respectively, if the bulls are successful in breaking above the $0.000311 resistance mark. The price of the cryptocurrency may see a negative reversal and go below the support levels of $0.000249, $0.000190, and $0.000143 if the bulls are unable to hold their gains and break above the $0.000311 level.
SPONGEUSDT Medium-term Trend: Bullish
The four-hour SPONGEUSDT chart is trending upward. 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.
As long as the price stays above the Hull Suite Crypto signaling indicator, it will move closer to them. A positive price movement will be indicated by the histogram line, and a value spike larger than zero will be displayed by the QQE MOD Crypto signals.
positive feelings from the market
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