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SPONGEUSDT Price Analysis – 22 May
If the bulls are unable to break above the $0.000356 barrier, there may be a bearish reversal and a decline below the support levels of $0.000309, $0.000250, and $0.000189; however, if the bulls can maintain their momentum and break above the $0.000356 resistance level, there may be further price increases of SPONGEUSDT to $0.000400 and $0.000455, respectively.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000356, $0.000400, $0.000455
Support levels: $0.000309, $0.000250, $0.000189
SPONGEUSDT Long-term Trend: Bullish
On the SPONGEUSDT daily chart, the bulls are in charge. More than two weeks have passed since the buyers overcame the bears. Every day, there are clear bullish candles, and the price is rising steadily. Thanks to buyers’ fervor, bulls propelled the market higher, surpassing the resistance level at $0.000356 and reaching the high point of $0.000400. Sellers are trying to keep the price from going up at $0.000400. If bulls maintain their pressure, they may be able to reach the previously mentioned goal.
If the bulls are unable to break above the $0.000356 barrier, there may be a bearish reversal and a decline below the support levels of $0.000309, $0.000250, and $0.000189; however, if the bulls can maintain their momentum and break above the $0.000356 resistance level, there may be further price increases to $0.000400 and $0.000455, respectively. It appears to be gaining momentum because SPONGEUSDT is trading above the Hull Suite Crypto signals’ price mechanism.
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SPONGEUSDT Medium-term Trend: Bullish
The four-hour chart of the SPONGEUSDT indicates a rising trend. The bullish rally yesterday caused the coin to test the $0.000356 barrier. The Bears might still lose to the Bulls at that point. The price breaks through the previously indicated barrier and approaches the $0.000400 mark. The previous high of $0.000400 is currently being tested by the price.
The price should stay above the Hull Suite Crypto signaling indication as long as it is trading above it. The price is rising, as indicated by the histogram line, and the QQE MOD Crypto signals will indicate a value spike that is higher than zero.
Prepare to absorb the moisture!
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