SPONGE Archives - Page 70 of 75

July 13, 2023

SPONGE/USD ($SPONGE) Consolidates Ahead of a Bounce

Since July 7, the SPONGE/USD market has continued to maintain movement consistently as it forms swing highs and swing lows within a horizontal price channel, which indicates a period of consolidation and a lack of sustained directional momentum. The accompanying significant candlesticks during each...

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July 12, 2023

SPONGE/USD ($SPONGE) Price Is On the Rise

The price of $SPONGE began to rise in the latter part of yesterday’s trading session, and it continued into today’s trading session. As the price of the market rises, liquidity seems to be almost one-sided as the bullish candlestick patterns appear as marubozu candles. This means that bulls w...

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July 11, 2023

SPONGE/USD ($SPONGE): Bulls Keep Pressure on $0.0001381

The SPONGE/USD bear market is now facing a brick wall at the $0.000136 price level. The price is turning back to the upside from this crucial demand level. Take note of the slightly higher support level at $0.0001363 and the repeated testing of the $0.0001381 resistance level. This shows that Spong...

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July 10, 2023

SPONGE/USD ($SPONGE) May Likely Bounce Back at $0.0001350

Despite the current $SPONGE bearish performance in the market, there are some optimistic factors to consider for Sponge based on the 4-hour timeframe. Although the market has been operating within the bearish zone, there is potential for a turnaround as it has continued to range along a horizontal ...

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July 08, 2023

SPONGE/USD ($SPONGE) Consolidates Around $0.0001374, Ahead of a Bounce

The bulls have shown tenacity in the SPONGE/USD market by resisting negative pressure at the $0.00014 support level since mid-June. After rising to a high of $0.0001581, the bear market was triggered too soon, putting more pressure on the demand level. The bulls were forced to find another lower ba...

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July 08, 2023

SPONGE/USD ($SPONGE) Bounces Back at June 15’s Demand Level

In the $SPONGE market, the bulls have demonstrated resilience by holding their position against bearish pressure at the $0.00014 support level since June 16. From this level, the market reached a high of $0.0001581, which triggered the bearish momentum. However, the market managed to remain strong ...

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July 06, 2023

SPONGE/USD ($SPONGE): The $0.00014 Price Continues to Be a Strong Fortress for the Bulls

The SPONGE/USD market has experienced a consistent support level at $0.00014 since June 20, and the price has repeatedly fallen back to this level during the bear market. Despite several bearish attempts, the market has been unable to break through this support level, indicating a strong level of b...

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July 05, 2023

SPONGE/USD ($SPONGE): Bulls Might Regroup at $0.0001430

The $SPONGE bulls continue to maintain bullish pressure on the $0.0001468 resistance level; however, they may soon be forced to regroup at the $0.000143 support level as the price retracement seems to be going too far. The price of $SPONGE has fallen below $0.0001441; it is now reaching out for the...

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July 04, 2023

SPONGE/USD ($SPONGE): Bulls Keep Pressure on the Key Resistance

The SPONGE/USD pair has kept bullish pressure on the $0.0001468 resistance price level. It has continued to maintain its higher lows. Currently, the market has retraced to $0.0001441, and apart from the fact that the price is higher than the previous support level, it is also showing signs of a reb...

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