Sponge (SPONGEUSDT) Price: Buyers Are Leading

Buyers are ruling

Sponge (SPONGEUSDT) Price Analysis – 09 July

The price is currently returning to its previous, higher level. SPONGEUSDT might fall as low as $0.00033 and $10,000 if sellers up their asset contributions and surpass the crucial $0.00050 support level. Buyers may try the $0.00077 and $0.00087 levels and break past the $0.00061 resistance level if they gain more momentum.

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 buyers currently possess the sponge. The price dropped to its lowest point at the $0.00026 support level. That’s how the prices stayed for a few days. As the bulls gathered traction, price smashed over the resistance levels of $0.00033 and $0.00050. It pulled back and gave the $0.00050 another go. Price tested the $0.00061 barrier level on May 23, breaking through the $0.00050 resistance level. Right now, the prices are rising.

The daily chart indicates that the market is dominated by buyers. On the daily chart, the price movement has resulted in a double bottom chart pattern. The price is currently returning to its previous, higher level. The market might fall as low as $0.00033 and $10,000 if sellers up their asset contributions and surpass the crucial $0.00050 support level. Buyers may try the $0.00077 and $0.00087 levels and break past the $0.00061 resistance level if they gain more momentum. A purchase signal is indicated when the QQE MOD crypto signals indicator is increasing.

THE NEXT COIN THAT IS ABOUT TO BURST | $SPONGE

SPONGEUSDT Medium-term Trend: Bullish

Based on the 4-hour chart pattern, Sponge is optimistic. Ever since the long-term consolidation was broken, the 4-hour chart’s bulls have been applying pressure on the cryptocurrency’s performance. The cost is rising steadily. On May 23, a test was conducted at the $0.00061 resistance level. The advantage was recovered by the sellers’ perseverance, even though it is currently inclining.

Buyers are in the lead as long as the price is above the Hull Suite signal. The QQE MOD histogram shows a buy signal when it is greater than zero.

Rephrase it.

Say it back 🧽💛 pic.twitter.com/6LF18Q1M82

— $SPONGE (@spongeoneth) July 8, 2024

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