SPONGEUSDT is inclining
Sponge (SPONGEUSDT) Price Analysis – 20 June
Increased asset contributions from sellers may breach the critical $0.00050 support level, which could trigger a slide to the lows of $0.00033 and $0.00026. When buyers gather additional momentum, the $0.00061 resistance level can be broken upside, testing the $0.00077 and $0.00087 levels in SPONGEUSDT market.
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
The sponge is in the buyers’ possession. The $0.00026 support level was the lowest point at which the price fell. For a couple of days, the price stayed there. The price smashed through the resistance levels of $0.00033 and $0.00050 as the bulls gained momentum. It withdrew and tried the $0.00050 again. On May 23, price broke past the $0.00050 resistance level and tested the $0.00061 barrier level. As of right now, prices are declining.
The daily chart shows that buyers are in control of the market. The price action has produced a double bottom chart pattern on the daily chart. Right now, the price is returning to where it was. Increased asset contributions from sellers may breach the critical $0.00050 support level, which could trigger a slide to the lows of $0.00033 and $0.00026. When buyers gather additional momentum, the $0.00061 resistance level can be broken upside, testing the $0.00077 and $0.00087 levels in the process. The QQE MOD crypto signals indicator points up to signify a purchase signal.
SPONGEUSDT Medium-term Trend: Bullish
Sponge is upbeat based on the 4-hour chart pattern. The performance of the cryptocurrency has been under pressure from the bulls on the 4-hour chart. after the breakthrough in long-term consolidation. The price is gradually going up. A test was performed at the $0.00061 resistance level on May 23. The sellers’ pressure forced the increase to back down, and it is currently decreasing.
SPONGEUSDT is trading above the Hull Suite signal, indicating that buyers are in control. When the QQE MOD’s histogram is above zero, a buy signal is indicated.
Our contribution is the heat
We bringing the heat 🔥🧽 $SPONGE pic.twitter.com/KjVqhQwYcQ
— $SPONGE (@spongeoneth) June 20, 2024
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