SPONGEUSDT Price Experiences a Bullish Spike

Buyers’ Pressure triggers bullish trend

SPONGEUSDT Price Analysis – 06 May

If the bulls are unable to break above the $0.000500 level, SPONGEUSDT may have a bearish reversal and fall below the support levels of $0.000311, $0.000249, and $0.000190 price levels. The price may rise as far as $0.000400 and $0.000455, respectively, if the bulls can keep up their pace and break above the $0.000358 resistance mark.

SPONGEUSDT Market

Key levels:

Resistance levels: $0.000358, $0.000400, $0.000455

Support levels: $0.000311, $0.000249, $0.000190

SPONGEUSDT Long-term Trend: Bullish

The bulls are in control of the SPONGEUSDT daily chart. It has taken the buyers and sellers more than two weeks to agree. Every day, strong bullish candles are emerging, and the price is rising gradually. The market was driven upward by bulls yesterday, who first drove it to the $0.000500 resistance level before pushing it down to $0.000311. Bulls may break above the previously marked target 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 above the $0.000500 level, the cryptocurrency may have a bearish reversal and fall below the support levels of $0.000311, $0.000249, and $0.000190 price levels. The price may rise as far as $0.000400 and $0.000455, respectively, if the bulls can keep up their pace and break above the $0.000358 resistance mark.

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SPONGEUSDT Medium-term Trend: Bullish

The SPONGEUSDT 4-hour chart is showing an increasing trend. The $0.000500 resistance level was tested by the bulls’ pressure 24 hours ago. The Bulls are unable to beat the Bears at the just mentioned level. The price retreated to retest the broken level. The price is currently retesting the previous low of $0.000311 level.

The price is moving closer to them as long as it remains over the Hull Suite Crypto signaling indicator. The histogram line is showing a positive movement in price, and the QQE MOD Crypto signals will show a value spike that is greater than zero.

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