SPONGE Archives - Page 59 of 75

November 09, 2023

SPONGE/USD ($SPONGE) Price Rebounds to $0.0001136

In our recent analysis, there was speculation that, given the strength of the current bull market, the SPONGE/USD market might experience a rebound from the $0.0001127 support level. However, contrary to expectations, the market has rebounded from the $0.0001136 support level, demonstrating notable...

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November 07, 2023

SPONGE/USD ($SPONGE) Bulls Striving for Stability at the $0.0001127 Price Level

The $SPONGE market encountered resistance for an extended period in its attempt to breach the $0.0001173 level. Nevertheless, at the commencement of today’s trading session, buying interest waned, yielding to selling pressure and leading to a substantial decline in price. As the bears persist...

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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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