SPONGE Archives - Page 2 of 33

April 30, 2024

$SPONGE (SPONGE/USD) Poised for Rebound as it Stabilizes at $0.00005

The sustained bullish price movement identified in prior analysis of the SPONGE/USD market has encountered resistance at the $0.000055 price level, prompting a retreat towards $0.00005. As the price stabilizes in this range, it signals potential bullish activity and diminishing bearish momentum. K...

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April 29, 2024

$SPONGE (SPONGE/USD): Bulls Charge Towards $0.00006 Resistance

The $SPONGE market is clawing its way up the price chart! After a period of consolidation around $0.000045, the bulls emerged on April 26th with a sudden surge. This bullish stampede pushed the price towards $0.00006, but it seems the climb might have winded some investors. A short-lived correction...

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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) 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 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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