Sponge (SPONGEUSDT) Price Is Rising

SPONGEUSDT price is under buyers’ control

Sponge (SPONGEUSDT) Price Analysis – 02 July

SPONGEUSDT is currently moving back toward its previous, higher level. The market may go as low as $0.00033 and $0.00026 if sellers up their asset contributions and surpass the crucial $0.00050 support level. Buyers may push over the $0.00061 resistance level and test the $0.00077 and $0.00087 levels if they gather 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 own 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 broke beyond 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 moving back toward its previous, higher level. The market may go as low as $0.00033 and $0.00026 if sellers up their asset contributions and surpass the crucial $0.00050 support level. Buyers may push over the $0.00061 resistance level and test the $0.00077 and $0.00087 levels if they gather more momentum. A purchase signal is indicated when the QQE MOD crypto signals indicator is rising.

SPONGEUSDT Medium-term Trend: Bullish

Based on the 4-hour chart pattern, Sponge is optimistic. After the breach in the long-term consolidation, the bulls on the 4-hour chart have been exerting 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 gain was forced back by the sellers’ push, although it is currently inclining.

Buyers are in the lead as long as the price stays above the Hull Suite signal. A buy signal appears on the QQE MOD histogram when it is greater than zero.

Those that trade in their $SPONGE

People who sell their $SPONGE 🧽 pic.twitter.com/2jl4BJDRVB

— $SPONGE (@spongeoneth) July 2, 2024

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