Buyers are pushing harder in Sponge market
SPONGEUSDT Price Analysis – 27 May
SPONGEUSDT may drop below the support levels of $0.000250, $0.000253, and $0.000145 if the bulls are unable to break over the $0.000310 barrier. On the other hand, if the bulls can hold onto their momentum and break above the $0.000310 resistance level, the price can rise even further to $0.000360 and $0.000400, respectively
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
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 $0.000360 and to the high point of $0.000400, thanks to the passion of purchasers. The goal of sellers is to prevent the price from rising above $0.000400. Bulls might be able to reach the predetermined objective if they keep up their pressure.
SPONGEUSDT may drop below the support levels of $0.000250, $0.000253, and $0.000145 if the bulls are unable to break over the $0.000310 barrier. On the other hand, if the bulls can hold onto their momentum and break above the $0.000310 resistance level, the price can rise even further to $0.000360 and $0.000400, respectively. The fact that SPONGEUSDT is trading above the pricing technique of the Hull Suite Crypto signals suggests that it is becoming more popular.
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SPONGEUSDT Medium-term Trend: Bullish
The SPONGEUSDT’s four-hour chart shows a rising trend. Last week’s bullish spike lifted the currency past the $0.000360 mark. At that point, the Bears may still lose to the Bulls. The price crosses over the barrier that was previously indicated and gets close to $0.000400. The price attempted to test the previous high of $0.000400, but bears resisted the movement.
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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