Bulls are dominating Sponge market
SPONGEUSDT Price Analysis – 13 May
If the bulls are unable to break over the $0.000400 barrier, the price of SPONGEUSDT may see a bearish reversal and fall below the support levels of $0.000358, $0.000311, and $0.000249. The price may rise as far as $0.000455 and $0.000577, respectively, if the bulls can keep up their pace and break above the $0.000400 resistance mark.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000400, $0.000455, $0.000577
Support levels: $0.000358, $0.000311, $0.000249
SPONGEUSDT Long-term Trend: Bullish
The bulls are in control of the SPONGEUSDT daily chart. It has taken the buyers more than two weeks to overcome the bears. Every day, there are strong bullish candles that appear, and the price is gradually rising. Due to buyers’ enthusiasm, bulls propelled the market higher on Sunday, breaking over the $0.000358 resistance level and reaching the high point of $0.000400. Sellers are trying to stop the price from rising higher, and it now stands at $0.000400. Bulls may break above the aforementioned 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 $0.000400 barrier, the price of the cryptocurrency may see a bearish reversal and fall below the support levels of $0.000358, $0.000311, and $0.000249. The price may rise as far as $0.000455 and $0.000577, respectively, if the bulls can keep up their pace and break above the $0.000400 resistance mark.
SPONGEUSDT Medium-term Trend: Bullish
SPONGEUSDT’s four-hour chart exhibits a rising trend. Yesterday, the bulls’ pressure caused the coin to challenge the $0.000358 resistance level. At that point, the Bears are not too formidable for the Bulls to overcome. The price breaks up the just mentioned level and test the $0.000400 level. The price is testing the previous high at $0.000400 at the moment.
Given that it is trading above the Hull Suite Crypto signaling indicator, the price should continue to be 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.
Here, there are only Ws.
Only W's around here 🔥 $SPONGE #MemeCoin #AltSeason pic.twitter.com/kbZQzUmrLc
— $SPONGE (@spongeoneth) May 10, 2024
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