SPONGE/USD Archives - Page 20 of 23

August 25, 2023

SPONGE/USD ($SPONGE) Bulls Still Have the $0.00011 Price Level in Sight

Since August 18, the SPONGE/USD market has been experiencing a prolonged period of stagnation, with the price maintaining a relatively stable level around $0.0001051. However, starting on August 22, a significant shift occurred as the bear market managed to push the price down to $0.0001031. This m...

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August 23, 2023

SPONGE/USD ($SPONGE) Capitalizes on $0.0001033 Support, Initiating $0.00011 Price Trajectory

In the span of a single trading day, the $SPONGE market has witnessed remarkable transformations, with yesterday’s deadlock giving way to intense fluctuations. Notably, bears managed to propel the price significantly, driving it to the $0.0001033 mark. This movement was particularly striking,...

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August 19, 2023

SPONGE/USD ($SPONGE) Bulls Prepare for Action

Following the SPONGE/USD bear market that pushed the price inches closer to the $0.00010 price level, it encountered a substantial obstacle at the $0.0001022 price level. As a result, the market started to rebound, marking a noteworthy recovery. However, the bears regrouped when the price reached t...

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August 18, 2023

SPONGE/USD ($SPONGE) Buying Activities Triggered Below $0.00011

Following the aimless drift of the $SPONGE market, the bearish trend succeeded in pushing the market downward. As the market gained momentum in the downward direction, the price started approaching the $0.00010 price level. This particular level serves as a strong support zone, which explains why t...

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August 17, 2023

SPONGE/USD ($SPONGE) Explores Deeper into the Favorable Demand Zone: A Promising Prospect for Bulls

Despite recent challenges in the SPONGE/USD market, there are several aspects to consider that could lead to potential positive outcomes in the near future. While the market has faced downward pressure and broken through key support levels, there are signs that suggest a potential reversal and reco...

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August 16, 2023

SPONGE/USD ($SPONGE) Finds Solid Ground at $0.0001158

The $SPONGE market seems to have found firm support near the $0.0001158 price level. Yesterday’s bearish market experienced a surge in trading activity, pushing the price further into the demand zone until it reached approximately the $0.000116 price level. However, it’s important to no...

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August 15, 2023

SPONGE/USD ($SPONGE) Ventures More Into the Demand Zone; Time to Buy the Dip

The SPONGE/USD trading pair experienced a mini-bullish price recovery, moving from $0.0001172 to $0.0001179. This suggests a modest uptrend in market sentiment. However, the price then encountered a strong resistance level, causing the market to become flat. This flat movement around the resistance...

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August 14, 2023

SPONGE/USD ($SPONGE): Bulls Cling to the Key Demand Level

Since August 11, the SPONGE/USD pair has exhibited resilient behavior, clenching onto the critical support level at $0.000118. This support level has proven to be pivotal, with multiple price tests failing to breach it. During this period, a minor rebound has taken place. However, this rebound coul...

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August 12, 2023

SPONGE/USD ($SPONGE) Still Holds the Possibility for a Rebound

On August 8th, the $SPONGE market exhibited remarkable strength as it achieved an impressive high of $0.0001225. This surge was indicative of the substantial potential within the market. While this peak initiated a temporary bearish sentiment due to profit-taking activities, it’s important to...

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