Buyers are ruling SPONGEUSDT market
Sponge (SPONGEUSDT) Price Analysis – 04 July
Right now, the price is heading back toward its earlier, higher level. In the event that sellers increase their asset contributions and break through the critical $0.00050 support level, the market might drop as low as $0.00033 and $10,000. If buyers get additional momentum, they can test the $0.00077 and $0.00087 levels as well as break through the resistance level at $0.00061
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 currently owned by the buyers. The $0.00026 support level was the lowest point at which the price fell. For several days, the pricing remained that way. Price smashed over 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 prices 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 heading back toward its earlier, higher level. In the event that sellers increase their asset contributions and break through the critical $0.00050 support level, the market might drop as low as $0.00033 and $10,000. If buyers get additional momentum, they can test the $0.00077 and $0.00087 levels as well as break through the resistance level at $0.00061. When the QQE MOD crypto signals indicator is rising, it indicates a buy signal.
Which MeMe Coin Is Best to Buy Right Now, Sponge Tokens?
SPONGEUSDT Medium-term Trend: Bullish
Sponge is upbeat based on the 4-hour chart pattern. The 4-hour chart’s bulls have been putting pressure on the cryptocurrency’s performance since the long-term consolidation was broken. The price is gradually going up. A test was performed at the $0.00061 resistance level on May 23. The sellers’ drive pulled the gain back, albeit it is currently inclining.
As long as the price remains above the Hull Suite signal, buyers are in the lead. When it is more than zero, the QQE MOD histogram displays a purchase signal.
Those that trade in their $SPONGE
People who sell their $SPONGE 🧽 pic.twitter.com/2jl4BJDRVB
— $SPONGE (@spongeoneth) July 2, 2024
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