Buyers will dominate Sponge market soon
SPONGEUSDT Price Analysis – 26 March
SPONGEUSDT will break over the $0.000577 resistance level as well as the $0.000695 and $0.000886 barrier levels if the bulls’ momentum continues to build. The price can drop and return to the $0.000500, $0.000455, and $0.000400 support levels.
SPONGE/USD Market
Key levels:
Supply levels: $0.000577, $0.000695, $0.000886
Demand levels: $0.000500, $0.000455, $0.000400
SPONGEUSDT Long-term trend: Bullish
SPONGEUSDT has a bright future ahead of it. Since the SPONGEUSDT price movement broke above the $0.000148 barrier on January 5, bulls have been sustaining the bullish market. Every day, large, robust bullish candles are made. The bullish movement was started by the bullish engulfing candle. The price is currently breaking past the resistance levels of $0.000455 and $0.000500 after breaking through the $0.0000500 barrier.
The price trading above the Hull Suite at the near contact and the Hull Suite being close to the price both point to strong bullish momentum. Price will break over the $0.000577 resistance level as well as the $0.000695 and $0.000886 barrier levels if the bulls’ momentum continues to build. The price can drop and return to the $0.000500, $0.000455, and $0.000400 support levels.
SPONGEUSDT medium-term Trend: Bullish
When looking at things from a medium-range perspective, SPONGEUSDT is doing really well. The bulls forced the price higher, breaking over $0.000400 and up to the resistance level of $0.000577, as is customary in a volatile market. The coin will rise above the predetermined threshold as soon as it passes the $0.000577 barrier. The aim might be $0.000695 and $0.000886 resistance levels.
The bulls appear to have a lot of momentum because the coin is trading above the Hull Suite Crypto signals indicator. The rising histogram line with the QQE MOD being above zero values indicate a strong buy signal.
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