SPONGEUSDT Price Is Becoming More Attractive to Investors

Buyers are increasing in Sponge market

SPONGEUSDT Price Analysis – 14 June

SPONGEUSDT may be able to advance past the resistance levels of $0.00077 and $0.00087 if it is able to breach the $0.00061 barrier. Should the bears keep up their current pace and break below the $0.00050 support level, the price might go as low as $0.00033 and $0.00026.

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

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 gradually increasing. Thanks to buyers’ fervor, bulls propelled the market higher, surpassing the resistance level at $0.00033 and reaching the high point of $0.00061. Sellers want to stop the price from going above $0.00033. Bulls were able to achieve the objective by exerting continuous pressure.

SPONGEUSDT may be able to advance past the resistance levels of $0.00077 and $0.00087 if it is able to breach the $0.00061 barrier. Should the bears keep up their current pace and break below the $0.00050 support level, the price might go as low as $0.00033 and $0.00026. The fact that SPONGEUSDT is trading above the Hull Suite Crypto indications suggests that it is becoming more attractive to buyers.

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SPONGEUSDT Medium-term Trend: Bullish

The SPONGEUSDT four-hour chart shows a rising trend. Last week, the value of the currency increased dramatically and crossed the $0.00033 threshold. At that point, the Bears lose to the Bulls. The price is getting close to $0.00061 and above the previously mentioned threshold. When the price attempted to test the previous high of $0.00050, bears resisted the trend.

As long as it is trading above the Hull Suite Crypto signaling indicator, a favorable trend is guaranteed. The histogram line shows that the price is growing, and the QQE MOD Crypto indications also support this trend.

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