SPONGE Archives - Page 69 of 75

July 27, 2023

SPONGE/USD ($SPONGE) Bulls Prepare for a Comeback

Over the last two days, the $SPONGE market has exhibited significant bearish movement. However, as the market approached the $0.00012 price level, the bearish trend transformed into a consolidation phase. The price level of $0.0001215 is now seen as a potential support area where bulls may seize th...

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July 26, 2023

SPONGE/USD ($SPONGE) Falls Deeper Into the Demand Zone

In the previous trading session, the bulls lost grip of the market at a near resistance level to the price level they adopted as their support. A strong bear market was triggered at this point, making the SPONGE/USD market fall below the support level. Currently, the bulls seek refuge slightly abov...

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July 24, 2023

SPONGE/USD ($SPONGE) Bulls Begin to Turn the Market in Their Favor

Continuous bearish pressure has caused the $SPONGE bulls to shift their baseline below the $0.00013 price level. The bulls seem to have firmly secured their position at $0.0001267, and from here, we have noticed the market gaining upward momentum, now crossing above the 9-day moving average. Key Le...

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July 23, 2023

SPONGE/USD ($SPONGE): This Week Promises to Be Good for the Bulls

The selling pressure is forcing the SPONGE/USD pair more into the demand zone. However, the buyers continue to form a hindrance to the bearish advances, and because the market is now ranging sideways along the support level, an upward price breakout may be imminent. We may begin to see this play ou...

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July 22, 2023

SPONGE/USD ($SPONGE) Market Enters the Demand Zone

The selling pressure has forced the $SPONGE market into the $0.00013 price zone. The presence of the bulls in the market can be felt as buyers held to the demand level, preventing a steep price decline. In the $0.00013 price zone, a bullish price rush can be triggered. Key Levels Resistance: $0.000...

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July 18, 2023

SPONGE/USD ($SPONGE) Buyers Once Again Regroup at $0.0001325

The recent influx of buyers and sellers in the SPONGE/USD market has had a significant impact on market volatility, resulting in substantial price swings. Due to this heightened volatility, the price has retraced to the support level. However, with the bulls regrouping at $0.0001325, the bear marke...

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July 17, 2023

SPONGE/USD ($SPONGE) Falls Back to $0.0001354

As the $SPONGE price retracement continues, buyers are now falling back to the crucial demand level. Before now, bulls were able to hold ground at a slightly higher support level, which is at $0.000137. The price ranged sideways from here as supply matched demand. But as bulls could not hold up any...

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July 16, 2023

SPONGE/USD ($SPONGE): Buyers Regroup at $0.0001374

Recently, the SPONGE/USD bulls propelled the market above the $0.00014 price level as demand exceeded supply. However, bulls could not follow through, possibly because of the relatively low volume of trade in the last 24 hours. So, the price fell to $0.0001374. A strong baseline for bullish action ...

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July 14, 2023

SPONGE/USD ($SPONGE) Launches Above the $0.00014 Price Level

The $SPONGE market has taken time to build up momentum for the ongoing bullish run. This strong price movement has loosened the gridlock that confined the price swing within the narrow price channel of $0.000135 and $0.000138. Sponge buyers now have the chance to propel the price upward. However, b...

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