Buyers’ interest increase in Sponge market
SPONGEUSDT Price Analysis – 24 May
If the bulls can’t break above the $0.000310 barrier, SPONGEUSDT may fall below the support levels of $0.000250, $0.000253, and $0.000145. In contrast, the price may increase even higher to $0.000360 and $0.000400, respectively, if the bulls are able to maintain their momentum and break above the $0.000310 resistance level.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000310, $0.000360, $0.000400
Support levels: $0.000250, $0.000253, $0.000145
SPONGEUSDT Long-term Trend: Bullish
On the SPONGEUSDT daily chart, the bulls are in charge. More than two weeks have passed since the buyers overcame the bears. Every day, there are unquestionably bullish candles, and the price is progressively increasing. Thanks to buyers’ fervor, bulls propelled the market higher, surpassing the resistance level at $0.000360 and reaching the high point of $0.000400. Sellers want to stop the price from going above $0.000400. If bulls maintain their pressure, they may be able to achieve the previously specified goal.
If the bulls can’t break above the $0.000310 barrier, SPONGEUSDT may fall below the support levels of $0.000250, $0.000253, and $0.000145. In contrast, the price may increase even higher to $0.000360 and $0.000400, respectively, if the bulls are able to maintain their momentum and break above the $0.000310 resistance level. It appears to be gaining traction because SPONGEUSDT is trading above the Hull Suite Crypto signals’ pricing methodology.
SPONGEUSDT Medium-term Trend: Bullish
The four-hour chart of the SPONGEUSDT indicates a rising trend. The bullish surge of last week took the currency above the $0.000360 barrier. The Bears might still lose to the Bulls at that point. The price passes through the previously marked barrier and approaches $0.000400. The previous high of $0.000400 was tested by the price but bears opposed the movement.
The price should stay above the Hull Suite Crypto signaling indication as long as it is trading above it. The price is rising, as indicated by the histogram line, and the QQE MOD Crypto signals will indicate a value spike that is higher than zero.
What are you observing?
What you looking at? 🤨 🧽 $SPONGE #PEPE #WIF #TON #SHIB pic.twitter.com/y0mYsVFHz5
— $SPONGE (@spongeoneth) May 23, 2024
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