Buyers will soon dominate Sponge market
SPONGEUSDT Price Analysis – 22 April
In a trending market, a retreat is inevitable, although more price increases for sponge are usually expected. If the bulls put in more effort, there’s a chance that the price barrier at $0.000356 will be broken.
Key Levels:
Resistance levels: $0.000311, $0.000356, $0.000401
Support levels: $0.000250, $0.000192, $0.000147
SPONGEUSDT Long-term Trend: Bullish
Over time, SPONGEUSDT’s price continues to rise. The Bulls were the best team in the sponge market. The bullish trend peaked at $0.000577 on March 15. The Bears interrupted the uptrend, sending the price plunging to $0.000250. The currency traded horizontally for about eight days, fluctuating between $0.000250 and $0.000311, indicating that the momentum of the bulls and bears is nearly equal. It is feasible for the $0.000311 supply barrier to be broken by a bullish candle that forms. On the daily chart, the sponge market closed yesterday with a bearish candle, signifying a drop in prices.
The currency is currently trading above the indicator, indicating a strong positive momentum in the Sponge market, according to the pricing strategy employed by Hull Suite Crypto signals. Similarly, the QEE MOD displays the buy signal when the histogram signal line is above the 0 level. In a trending market, a retreat is inevitable, although more price increases for sponges are usually expected. If the bulls put in more effort, there’s a chance that the price barrier at $0.000356 will be broken.
Review of SPONGE V2 Crypto-HOLDERS TALKING OUT
https://www.youtube.com/watch?v=w651zpR6nFo
SPONGEUSDT Short-term Trend: bullish
Sponge looks to the intermediate future for optimism. Sponge’s pricing vacillated between $0.000311 and $0.000250 for over a week. On March 15, as the Bulls pushed through the $0.000500 barrier, the cryptocurrency surged into the $0.000577 price level. The bulls’ euphoria subsided as the price started to stabilize near $0.000250.
Sponge pricing is obviously on the rise because it is above the Hull Suite indicator. The QQE MOD indicator’s red signal line and level below zero indicate that the sponge market is still consolidating.
It’s time to remove this moisture
GM, #SPONGERS 💛
Time to get this damp 💦 💦 $SPONGE #Crypto #SpongeV2 #Alts pic.twitter.com/8FWjy9irlJ
— $SPONGE (@spongeoneth) April 22, 2024
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