SPONGE/USD Archives - Page 2 of 22

April 29, 2024

$SPONGE (SPONGE/USD) Gradual Climb Targets Resistance at $0.00006

On April 26, the SPONGE/USD market exhibited a sudden bullish surge after a period of consolidation within a narrow price channel around $0.000045 (acting as support). The strength of the upward move appeared to culminate near $0.00006, potentially due to investor exhaustion. Consequently, a bearis...

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April 26, 2024

$SPONGE (SPONGE/USD) Rides Wave Towards Crucial Resistance at $0.000058

In this analysis of the $SPONGE market, there are indications of the trend teetering between the shores of support and resistance, with volatility ebbing away. However, a sudden surge emerges, signaling a bullish tide that now crashes against the formidable barrier at $0.000058. It is crucial for t...

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April 26, 2024

$SPONGE (SPONGE/USD) Surges Towards Key Resistance at $0.000058

In the last analysis of SPONGE/USD, the crypto signal shows that the market was poised to persist within a narrow range, oscillating between support and resistance levels as volatility levels declined. However, an unexpected breakout has initiated a bullish trend, exerting pressure on the pivotal r...

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April 25, 2024

$SPONGE (SPONGE/USD): Bulls Dug In at Crucial Support, Poised for Breakout?

After some wild swings, $SPONGE buyers find themselves in a tense standoff with sellers at the key $0.000047 level. The selling pressure has forced them to shift positions to this level. The price zones around $0.005 have been a battleground since mid-April, but there are signs the bulls might be d...

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April 25, 2024

$SPONGE (SPONGE/USD) Bulls Hold Ground at the Key Support Level at $0.000047

$SPONGE Buyers and sellers have shown equilibrium near the $0.00005 price level. In recent trading sessions, we have observed the emergence of a volatility squeeze, typically preceding a decisive directional price movement. Despite persistent bullish activity maintaining stability around the $0.000...

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April 22, 2024

$SPONGE (SPONGE/USD): Squeeze Play? Bollinger Bands Tighten After Support Test

In our previous analysis of SPONGE/USD, we observed the market consolidating sideways near the $0.00005 price level. This level appears to be a temporary equilibrium point, with bulls and bears finding temporary parity. Swing highs and lows have been concentrated around this price. However, it̵...

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April 21, 2024

$SPONGE (SPONGE/USD) Bullish Signs Emerge: Time to Dive In?

In our recent analysis of SPONGE/USD prices, we observed a notable level of stability in the market, particularly evident around the $0.00005 price point, specifically at $0.000048. Despite sideways movement persisting around the $0.000050 price threshold, there has been a slight bullish inclinatio...

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April 18, 2024

$SPONGE (SPONGE/USD) Shows Signs of Strength, Upward Trend Possible

Over the preceding two days, our observations revealed prolonged stability in the SPONGE/USD market, characterized by a consistent presence around the $0.000045 price level. During this period, price action remained stagnant, resulting in a flat trajectory. The equilibrium persisted due to an appar...

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April 17, 2024

$SPONGE (SPONGE/USD) Continues Hanging On at $0.000045

After a sharp drop from $0.00005 to $0.00003, the $SPONGE bulls staged an impressive recovery to reach $0.000045. Since then, the market has stabilized at this level, with neither bulls nor bears significantly affecting it. This stability in the $SPONGE market suggests a temporary calm in volatilit...

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