SPONGE Archives - cryptosignals.org

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 19, 2024

$SPONGE (SPONGE/USD) Surges, Seeks Support at $0.00005

For a span of two days, the $SPONGE market remained stagnant at approximately $0.000044 as buyers and sellers found themselves in a deadlock. However, the market regained momentum when a sudden hyper-bearish move escalated market volatility since yesterday’s trading session. This, in turn, re...

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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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