Sponge is going higher
SPONGEUSDT Price Analysis – 07 May
The price of the SPONGEUSDT may experience a negative reversal and drop below the support levels of $0.000311, $0.000249, and $0.000190 if the bulls are unable to break above the $0.000500 level. If the bulls can maintain their momentum and break above the $0.000358 resistance level, the price may soar as far as $0.000400 and $0.000455 respectively.
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
On the SPONGEUSDT daily chart, the bulls are in charge. Reaching a consensus has taken the buyers and sellers over two weeks. Strong bullish candles are forming every day, and the price is gradually increasing. Bulls propelled the market higher, on Sunday, first taking it above the $0.000500 resistance level and then down to $0.000311. If bulls maintain their pressure, they could breach above the previously marked goal.
Given that SPONGEUSDT is trading above the price mechanism of the Hull Suite Crypto signals, it appears to be gaining momentum. The price of the cryptocurrency may experience a negative reversal and drop below the support levels of $0.000311, $0.000249, and $0.000190 if the bulls are unable to break above the $0.000500 level. If the bulls can maintain their momentum and break above the $0.000358 resistance level, the price may soar as far as $0.000400 and $0.000455, respectively.
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SPONGEUSDT Medium-term Trend: Bullish
The four-hour SPONGEUSDT chart is trending upward. Two days ago, the pressure from the bulls tested the resistance level at $0.000500. At the previously mentioned level, the Bulls cannot defeat the Bears. To retest the broken level, the price pulled back. At the moment, the price is retesting the $0.000311 level, which was the previous low.
As long as the price stays above the Hull Suite Crypto signaling indication, as it is getting closer to it. The price is moving upwards, as indicated by the histogram line, and the QQE MOD Crypto signals will indicate a value spike that is higher than zero.
NEVER FORGOT
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