Sponge (SPONGEUSDT) Price: Right now, Costs Is Going Higher

Bulls exert more pressure in SPONGEUSDT market

Sponge (SPONGEUSDT) Price Analysis – 26 June

SPONGEUSDT may fall to the lows of $0.00033 and $0.00026 if sellers up their asset contributions and breach the crucial $0.00050 support level. The $0.00061 resistance level may be smashed higher by buyers gaining more momentum, testing 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 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 broke through 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 costs are going higher.

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 going back to its previous higher level. The market may fall to the lows of $0.00033 and $0.00026 if sellers up their asset contributions and breach the crucial $0.00050 support level. The $0.00061 resistance level may be smashed higher by buyers gaining more momentum, testing the $0.00077 and $0.00087 levels in the process. A buy signal is indicated when the QQE MOD crypto signals indicator is rising.

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SPONGEUSDT Medium-term Trend: Bullish

Based on the 4-hour chart pattern, SPONGEUSDT 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 forced back by the sellers’ pressure, but it is currently inclining.

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

Mood

MOOD 🧽💦 pic.twitter.com/JIeWVTKGqp

— $SPONGE (@spongeoneth) June 26, 2024

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