Bulls are on increase
SPONGEUSDT Price Analysis – 30 May
In the event that the bulls are unable to break above the $0.000310 barrier, SPONGEUSDT may fall below the support levels of $0.000250, $0.000253, and $50,000. However, the price may increase much higher to $0.000360 and $0.000400, respectively, if the bulls are able to maintain their momentum and break above the $0.000310 resistance level.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000310, $0.000360, $0.000400
Support levels: $0.000250, $0.000235, $0.000145
SPONGEUSDT Long-term Trend: Bullish
The bulls are in control of the SPONGEUSDT daily chart. It has been more than two weeks since the buyers defeated the bears. There are definitely bullish candles every day, and the price is rising steadily. Bulls drove the market higher, breaking over the resistance level at $0.000360 and to the high point of $0.000400, thanks to the passion of purchasers. The goal of sellers is to prevent the price from rising above $0.000400. Bulls could be able to achieve the target if they keep up the pressure.
SPONGEUSDT may drop below the support levels of $0.000250, $0.000235, and $0.000145 if the bulls are unable to break above the $0.000310 barrier. But if the bulls are able to keep up their momentum and break above the $0.000310 resistance level, the price can rise much higher to $0.000360 and $0.000400, respectively. Because SPONGEUSDT is trading above the price strategy of the Hull Suite Crypto signals, it seems that SPONGEUSDT is becoming more and more popular.
SPONGEUSDT Medium-term Trend: Bullish
The SPONGEUSDT’s four-hour chart shows a rising trend. The currency crossed the $0.000360 mark last week thanks to a significant spike. At that point, the Bears may still lose to the Bulls. The price crosses over the barrier that was previously indicated and gets close to $0.000400. When the price attempted to test the previous high of $0.000400, bears resisted the trend.
As long as it is trading above the Hull Suite Crypto signaling indicator, the price should remain above it. The histogram line shows that the price is rising, and the QQE MOD Crypto signals will show a value spike that is greater than zero.
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