August 09, 2023

SPONGE/USD ($SPONGE) Reclaims the $0.00012 Price Level

The SPONGE/USD ($SPONGE) market has recently experienced a noteworthy bullish breakthrough, liberating itself from the extended consolidation around the $0.000115 price mark. This breakout propelled the market significantly above the $0.00012 price level. However, a phase of profit-taking ensued, l...

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August 08, 2023

Upward Surge of SPONGE/USD ($SPONGE) as Market Searches for Elevated Support Beyond $0.00012

At long last, the SPONGE/USD pair is shattering the stalemate, propelled by robust support found near the $0.0001167 price threshold. The current daily trading session is distinctly marked by bullish activity, most notably during the third 4-hour trading session, during which a substantial bull mar...

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August 07, 2023

SPONGE/USD ($SPONGE) Continues to Consolidate Around $0.0001175

In the $SPONGE market, the price is currently exhibiting a period of consolidation, with the $0.0001175 price level acting as a significant point of interest. Bullish investors are making notable efforts to reverse the market’s direction from this level. However, it’s important to note ...

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August 07, 2023

SPONGE/USD ($SPONGE) Still Holds the Possibility For Bullish Performance

Despite the recent underperformance of the SPONGE/USD pair, there are indications that the market could be gearing up for a potential reversal. Analyzing the current price action and technical indicators, we identify several factors that may lead to a bullish scenario in the coming days. Since the ...

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August 05, 2023

SPONGE/USD ($SPONGE): A Bullish Trend Emerges

The $SPONGE Bulls successfully defended their recently established demand level, leading to a brief period of price consolidation. This appears to mark the initiation of a potential bullish trend. However, caution is advised as a new resistance could form near the 20-day moving average, even though...

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August 03, 2023

SPONGE/USD ($SPONGE): Bullish Sentiment Emerges, Finding Support Near the $0.0001175 Price Level

SPONGE/USD has been through a period of consolidation, indicating a temporary state of indecision among market participants. However, this phase of uncertainty is not necessarily a negative aspect of overall market sentiment. The recent breakout from this consolidation and the subsequent price stab...

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August 02, 2023

SPONGE/USD ($SPONGE) Bull Reclaims $0.00012

In an attempt to reclaim the crucial $0.00012 price level, $SPONGE bulls are regrouping at $0.000118. At this new support level, the bearish price breakouts are being cut short. Towards the end of July, the struggle between demand and supply reached its climax, resulting in a bearish breakout. Howe...

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August 01, 2023

SPONGE/USD ($SPONGE) Bull Market Triggers Below the $0.00012 Price Level

In recent times, the SPONGE/USD market has undergone a period of consolidation, with price action seemingly struggling to break out of the narrow price range that is moving above the $0.00012 support level. However, as we delve deeper into the charts, a new perspective emerges, offering potential o...

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July 31, 2023

SPONGE/USD ($SPONGE) Continues to Hold Ground Above the $0.00012 Price Level

In the preceding daily trading sessions, the $SPONGE market demonstrated resilience, maintaining its position above the $0.00012 price level. Despite the persistent bear market conditions, the price has consolidated above this critical level, with the bulls preventing any further decline below $0.0...

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