SPONGE/USD Archives - Page 63 of 70

November 06, 2023

SPONGE/USD ($SPONGE) Bullish Price Target Adjusted to $0.0001184

The SPONGE/USD market is currently making an upward push towards $0.0001184, which previously marked the high on October 26. Subsequently, the price stabilized around the $0.00011 range as the market established a horizontal range. The bullish sentiment has prevented the bears from breaking below t...

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November 05, 2023

SPONGE/USD ($SPONGE) Advances Toward $0.0001145 Amidst Notable Bullish Momentum

Current $SPONGE market dynamics have established a confirmed support level at $0.00011, signaling the dominance of bullish sentiment. On November 1st, amid a strong bearish market, bullish traders temporarily converged just below the $0.0001099 price threshold and successfully repelled bearish pres...

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November 05, 2023

SPONGE/USD ($SPONGE) Steers Toward $0.0001145 with Resilient Bullish Sentiment

In the present SPONGE/USD market landscape, a well-established support level at $0.00011 emphasizes the prevailing dominance of bullish sentiment. On November 1st, amidst a pronounced bearish phase, bullish traders momentarily gathered just below the $0.0001099 price threshold, effectively warding ...

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November 01, 2023

SPONGE/USD ($SPONGE) Bullish Traders Anticipating an Upward Price Breakout

As the SPONGE/USD market remains locked in a price struggle at the $0.00011 threshold, there is a mounting expectation of an upward breakout, potentially extending the prevailing upward trend. The rapid rebound of the market following its interaction with the crucial $0.00011 price level suggests t...

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November 01, 2023

SPONGE/USD ($SPONGE) Demonstrates Potential for Sustaining the Bullish Trend

Demand continues to contend with supply at the $0.00011 price level, leading to a prolonged horizontal consolidation within the SPONGE/USD market at this specific price point. An analysis of the trading volume from the past day does not reveal any immediate signs of an impending breakout. Rather, t...

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October 31, 2023

SPONGE/USD ($SPONGE) Bulls Sustain Market Uptrend

On October 27, the $SPONGE market achieved the $0.00011 price level, leading to an ongoing struggle between buyers and sellers. As the market remains relatively stagnant at this level, the bandwidth, representing the distance between support and resistance, gradually narrows. This narrowing of the ...

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October 30, 2023

SPONGE/USD ($SPONGE) Market Remains Stable at $0.00011 Amid Escalating Tensions

The SPONGE/USD market has maintained a trading range above the $0.00011 price level. There appears to be some noticeable tension between supply and demand during the earlier 4-hour trading session today. The pronounced price fluctuations between these two market forces could indicate the involvemen...

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October 29, 2023

SPONGE/USD ($SPONGE) Establishes $0.00011 as a Strong Support Level

The $SPONGE market has identified the $0.00011 price level as a significant milestone, potentially transforming it into a robust support level capable of sustaining a bullish trajectory. Over the past few days, market participants, both bulls and bears, have engaged in a struggle around this critic...

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October 27, 2023

SPONGE/USD ($SPONGE) Sees Bullish Momentum Above $0.00011, Anticipating Higher Price Levels

In our previous $SPONGE analysis, we observed bullish activity coalescing around the $0.00011 level following a notable retracement from the $0.000116 peak. As anticipated in our prior analysis, the continuation of the bullish trend hinges on the establishment of a support level above $0.00011. The...

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