Sponge market may break up $0.000356 level
SPONGEUSDT Price Analysis – 21 May
A bearish reversal and a decline below the support levels of $0.000309, $0.000250, and $0.000189 could occur if the bulls are unable to break above the $0.000356 barrier; on the other hand, if the bulls can sustain their momentum and break above the $0.000356 resistance level, SPONGEUSDT might rise as high as $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
The bulls are in control of the SPONGEUSDT daily chart. It has been more than two weeks since the buyers defeated the bears. Strong bullish candles are visible every day, and the price is gradually increasing. Bulls drove the market higher, breaking over the resistance level at $0.000356 and to the high point of $0.000400, thanks to the passion of purchasers. At $0.000400, sellers are attempting to prevent the price from rising. Bulls could achieve the previously indicated objective if they keep up their pressure.
A bearish reversal and a decline below the support levels of $0.000309, $0.000250, and $0.000189 could occur if the bulls are unable to break above the $0.000356 barrier; on the other hand, if the bulls can sustain their momentum and break above the $0.000356 resistance level, the price might rise as high as $0.000400 and $0.000455, respectively. Given that SPONGEUSDT is trading above the price mechanism of the Hull Suite Crypto signals, it seems to be gaining momentum.
SPONGEUSDT Medium-term Trend: Bullish
The SPONGEUSDT’s four-hour chart shows a rising trend. The coin tested the $0.000356 barrier yesterday due to the bullish surge. At that point, the Bears may still lose to the Bulls. Price breaks above the previously mentioned threshold and tests the $0.000400 level. The price is currently testing the previous high of $0.000400.
As long as it is trading above the Hull Suite Crypto signaling indication, the price ought to 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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