SPONGEUSDT Price Attracts More Buyer at $0.000311 Level

Sponge may break up $0.000358 soon

SPONGEUSDT Price Analysis – 08 May

If the bulls are unable to break over the $0.000358 mark, the price of the SPONGEUSDT may have a bearish reversal and fall below the support levels of $0.000311, $0.000249, and $0.000190. The price may rise as far as $0.000400 and $0.000455, respectively, if the bulls can keep up their pace and break above the $0.000358 resistance mark.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000358, $0.000400, $0.000455

Support levels: $0.000311, $0.000249, $0.000190

SPONGEUSDT Long-term Trend: Bullish

The bulls are in control of the SPONGEUSDT daily chart. It has taken the buyers and sellers more than two weeks to agree. Every day, strong bullish candles are forming, and the price is steadily rising. On Sunday, the market was driven higher by bulls, breaking above the $0.000500 resistance level and subsequently reaching the low level of $0.000311 due to the sellers’ opposition. Bulls may break above the previously indicated goal if they keep up their pressure.

It looks to be gaining momentum because SPONGEUSDT is trading above the Hull Suite Crypto signals’ price mechanism. If the bulls are unable to break over the $0.000358 mark, the price of the cryptocurrency may have a bearish reversal and fall below the support levels of $0.000311, $0.000249, and $0.000190. The price may rise as far as $0.000400 and $0.000455, respectively, if the bulls can keep up their pace and break above the $0.000358 resistance mark.

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https://www.youtube.com/watch?v=w651zpR6nFo

SPONGEUSDT Medium-term Trend: Bullish

There is an increasing trend on the four-hour SPONGEUSDT chart. The bulls’ pressure pushed the coin to test the $0.000500 resistance mark two days ago. The Bulls are unable to overcome the Bears at the aforementioned level. The price retreated to retest the broken level. The price is currently retesting the previous bottom, which occurred at $0.000311.

Given that it is approaching the Hull Suite Crypto signaling indicator, the price should remain above it. The histogram line shows that the price is increasing, and the QQE MOD Crypto signals will show a value spike that is greater than zero.

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— $SPONGE (@spongeoneth) May 8, 2024

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