SPONGE/USD Archives - Page 3 of 23

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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April 16, 2024

$SPONGE (SPONGE/USD) Faces a Make-or-Break Point at $0.000045

A recent drop to $0.00003 triggered a fightback from SPONGE bulls, but resistance lurks at $0.000045. This level has become a battleground since April 14th, with neither side gaining dominance. This same struggle was noted in the SPONGE/USD market analysis yesterday, and since then, not much has ch...

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April 15, 2024

$SPONGE (SPONGE/USD): Potential Bounce Scenario at $0.000045

The SPONGE/USD market’s decline to the $0.00003 price level sparked a bullish response, leading to an upward turn in market direction. However, the market is currently experiencing a tug-of-war with bearish forces at the $0.000045 level. Consequently, the market has remained within this range...

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April 14, 2024

$SPONGE (SPONGE/USD) Makes a Splash After Dipping Below $0.000050

The general cryptocurrency market has been experiencing rough waves lately, and the $SPONGE market has had its own fair share of the experience. Prices took a dive, breaching the $0.000050 mark (after a while of consolidating or ranging sideways along the level) and even sinking lower than $0.00003...

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April 14, 2024

$SPONGE (SPONGE/USD) Soaks Up Selling Pressure at $0.000045

As bearish sentiment pervades the majority of the crypto market, the SPONGE/USD market has also been impacted. Prices slid below the $0.000050 level, breaching even the $0.000045 threshold and plummeting further to below $0.000030. However, this downward movement prompted a robust bullish reaction,...

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April 12, 2024

$SPONGE (SPONGE/USD) Bulls Charge Towards $0.00006 Breakout

During the recent bullish surge, the $SPONGE market encountered resistance at the $0.00006 price threshold. Subsequently, bullish momentum waned, leading to a retracement below the $0.00005 mark as market participants sought to reassert control. Following the crypto signal of a pronounced correctio...

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