SPONGEUSDT market is under bullish pressure
Sponge (SPONGEUSDT) Price Analysis – 28 June
In the event that sellers increase their asset contributions and break through the critical $0.00050 support level, SPONGEUSDT can drop as low as $0.00033 and $0.00026. If buyers get up additional steam, they might blast through the $0.00061 resistance level and test the $0.00077 and $0.00087 levels in the process.
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 now in the buyers’ possession. The $0.00026 support level was the lowest point at which the price fell. For several days, the pricing remained that way. Price smashed past the resistance levels of $0.00033 and $0.00050 as the bulls gained momentum. It withdrew and tried again with the $0.00050. On May 23, price broke past the $0.00050 resistance level and tested the $0.00061 barrier level. The costs are increasing at the moment.
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 its earlier, greater level. In the event that sellers increase their asset contributions and break through the critical $0.00050 support level, the market can drop as low as $0.00033 and $0.00026. If buyers get up additional steam, they might blast through the $0.00061 resistance level and test the $0.00077 and $0.00087 levels in the process. When the QQE MOD crypto signals indicator is increasing, it represents a buy signal.
SPONGEUSDT Medium-term Trend: Bullish
Sponge is upbeat based on the 4-hour chart pattern. The performance of the SPONGEUSDT 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 $0.00061 resistance level on May 23. The sellers’ push forced the gain back, although it’s currently inclining.
As long as the price remains above the Hull Suite signal, buyers have the upper hand. When it is above zero on the QQE MOD histogram, a purchase signal is displayed.
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History teachers in 2050 be like:$SPONGE was inevitable 🧽🚀 pic.twitter.com/3zQJZFwRm2
— $SPONGE (@spongeoneth) June 24, 2024
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