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Sponge (SPONGEUSDT) Price: Buyers Are Leading

Johnathon Fox
07/09/2024 | UPDATED ON: 07/09/2024

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.

Sponge (SPONGEUSDT) Price: Buyers Are Leading

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.

Sponge (SPONGEUSDT) Price: Buyers Are Leading

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

Invest in the hottest and best meme coin? Buy SpongeBob ($SPONGE) today!

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About Johnathon Fox

Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.

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