SPONGEUSDT Price: Buyers Refuse to Submit to Sellers

Buyers exert more pressure in Sponge market

SPONGEUSDT Price Analysis – 13 June

SPONGEUSDT has the potential to advance past the resistance levels of $0.00077 and $0.00087 if it can breach the $0.00061 barrier. If the bears keep up their pace and break below the $0.00050 support level, the price might drop to $0.00033 and $0.00026, respectively

SPONGEUSDT Market

Key levels:

Resistance levels: $0.00061, $0.00077, $0.00087

Support levels: $0.00050, $0.00033, $0.00026

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 $0.00033 and to the high point of $0.00061, thanks to the passion of purchasers. The goal of sellers is to prevent the price from rising above $0.00033. Bulls were able to accomplish the goal by applying constant pressure.

If SPONGEUSDT can break through the $0.00061 barrier, it could move past the resistance levels of $0.00077 and $0.00087. The price may drop to $0.00033 and $0.00026, if the bears maintain their current pace and breach below the $0.00050 support level. It appears that SPONGEUSDT is gaining popularity because it is trading above the Hull Suite Crypto signals.

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SPONGEUSDT Medium-term Trend: Bullish

The four-hour SPONGEUSDT chart exhibits an upward trend. The currency’s value surged significantly last week, breaking beyond the $0.00033 barrier. The Bears might still lose to the Bulls at that point. The price approaches $0.00061 and surpasses the barrier that was previously indicated. Bears fought the trend when the price tried to challenge the previous high of $0.00050.

A positive trend is certain as long as it is trading above the Hull Suite Crypto signaling indicator. The price is rising, as indicated by the histogram line, and this trend is also followed by the QQE MOD Crypto signals.

When a #SPONGER hears someone talking about #PEPE in public. 🤮 pic.twitter.com/BtVn3dnUAH

— $SPONGE (@spongeoneth) June 13, 2024

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