SPONGE Archives - Page 43 of 75

May 12, 2024

$SPONGE (SPONGE/USD): Bulls Eye Breakout After Bearish Fatigue Sets In

The SPONGE/USD market is currently experiencing a compelling struggle between bearish and bullish forces, particularly in the $0.00004 to $0.00005 range. Initially triggered by a significant bearish downturn from the $0.00005 mark, the emergence of a bullish support level at $0.00004 has halted fur...

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May 12, 2024

$SPONGE (SPONGE/USD): Bulls Gather at $0.00004 for a Breakout Attempt

The ongoing market activity in the $SPONGE pair, particularly within the $0.00004 to $0.00005 price range, continues to witness a notable tug-of-war between bearish and bullish forces. This dynamic originated from a significant downturn instigated by bears, precipitating a sharp decline from the $0...

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May 09, 2024

$SPONGE (SPONGE/USD): Will $0.00005 Become Bullish Battleground Once More?

A recent surge in buying activity countered a sharp decline in the SPONGE/USD market, with a pivotal battle around the $0.00045 level. The price briefly dipped towards $0.00003 before bulls initiated a gradual recovery. They managed to push the price above the previous resistance at $0.00005, but b...

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May 09, 2024

$SPONGE (SPONGE/USD) Bulls Aim to Reclaim $0.00005 Price Level

Following a significant market engagement between buyers and sellers centered around the critical threshold of $0.00045, during which the $SPONGE price dipped close to the $0.00003 level, buyer activity began to intensify, fostering a gradual upward price movement. Bulls briefly asserted dominance,...

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May 07, 2024

$SPONGE (SPONGE/USD): Bulls Fight Back at Support – Reversal on Horizon?

The $SPONGE market has been locked in a tense standoff around the crucial support level of $0.000045. This follows a bullish spike that peaked at $0.00006 and led to the trigging of a bearish trend on April 27. This relentless downtrend has threatened to breach this critical line. However, unwaveri...

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May 07, 2024

SPONGE (SPONGE/USD): Bullish Whispers Emerge Despite Downtrend

For some time now, we have observed the SPONGE/USD market consolidating within a narrow range around the critical support level of $0.000045. This follows a notable bullish surge that propelled the market to a peak of $0.00006. Subsequently, a robust bearish trend emerged, posing a persistent threa...

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May 06, 2024

$SPONGE (SPONGE/USD) Clash: Bulls Dig In as Bears Circle

A clash near the $0.00005 resistance level saw bears take control, forcing $SPONGE bulls to regroup at the previously established support level of $0.000045. This consolidation suggests the potential for renewed buying pressure, with a price upswing towards $0.00006 a possibility if bullish momentu...

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May 06, 2024

$SPONGE (SPONGE/USD) Bulls Lock Horns with Bears at $0.000045

After bears took control near the $0.00005 resistance level, SPONGE/USD now eyes a resurgence around $0.000045. Bulls showed promise in late April, accumulating at $0.000045. However, their inability to breach the $0.000052 barrier dampened investor sentiment. Now, they are regrouping at $0.000045,...

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May 06, 2024

$SPONGE (SPONGE/USD) Eyes Rally As Bulls Reconverge At $0.000045

Reviewing the historical performance of the $SPONGE market analysis from late April to early May, we observed a convergence of both support and resistance levels. It appeared that $0.005 would mark the apex of this confluence. As anticipated, the market experienced a breakdown in the early days of ...

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