An increase in price of SPONGEUSDT is near
Sponge (SPONGEUSDT) Price Analysis – 24 June
SPONGEUSDT is currently going back to its previous level. Increased asset contributions from sellers might cause a decline to the lows of $0.00033 and $0.00026 if they break through the crucial $0.00050 support level. The $0.00061 resistance level may be broken upward when buyers gain more traction, testing the $0.00077 and $0.00087 levels in the process. A buy signal is indicated when the QQE MOD crypto signals indicator is pointing up.
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 purchasers now own the sponge. The price dropped to its lowest point at the $0.00026 support level. The price stayed there for a few days. As the bulls gathered traction, the price burst past 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, prices are going down.
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. SPONGEUSDT is currently going back to its previous level. Increased asset contributions from sellers might cause a decline to the lows of $0.00033 and $0.00026 if they break through the crucial $0.00050 support level. The $0.00061 resistance level may be broken upward when buyers gain more traction, testing the $0.00077 and $0.00087 levels in the process. A buy signal is indicated when the QQE MOD crypto signals indicator is pointing up.
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SPONGEUSDT Medium-term Trend: Bullish
Based on the 4-hour chart pattern, Sponge is optimistic. On the 4-hour chart, the bulls have been exerting pressure on the cryptocurrency’s performance. following the long-term consolidation breakthrough. The cost is rising steadily. On May 23, a test was conducted at the $0.00061 resistance level. The increase was pushed back by the sellers’ pressure, and it is now declining.
Buyers are in charge as the price is trading above the Hull Suite signal. A buy signal is shown when the QQE MOD’s histogram is above zero.
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History teachers in 2050 be like:$SPONGE was inevitable 🧽🚀 pic.twitter.com/3zQJZFwRm2
— $SPONGE (@spongeoneth) June 24, 2024
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