SPONGEUSD Archives - cryptosignals.org

January 02, 2024

$SPONGE (SPONGE/USD) Ascends as Bullish Sentiment Targets $0.0005 Threshold

The SPONGE/USD market experienced a period of consolidation around the $0.00040 price level, as traders’ interests in demand and supply converged at this point. However, with the onset of the new year, bullish momentum appears to be strengthening, breaking the market out of its previous deadl...

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January 01, 2024

$SPONGE SPONGE/USD Is Pushing Through the Resistance

After the SPONGE/USD market rebounded to $0.00040 from the $0.00033 support level, the market has been trading sideways. The bull market appears to have encountered significant bearish sentiment around this price level, resulting in a stagnant market. However, current market dynamics suggest that t...

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December 27, 2023

$SPONGE (SPONGE/USD) Market Update: Bulls Surge Past $0.0004 Amidst Bearish Resistance

In a recent turn of events, the SPONGE/USD market has witnessed a notable tug-of-war between bullish and bearish sentiments. Over the course of the last two trading sessions, there was a fleeting moment when the bulls managed to propel the SPONGE/USD pair above the crucial $0.0004 mark. However, as...

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November 17, 2023

Sponge (SPONGE/USD) Continues Preparing for Upward Price Movements

A pivotal support level emerged at $0.00033, sparking a positive upswing in price dynamics. Despite this optimistic momentum, the bull market encountered resistance at the $0.00041 mark, impeding further upward strides. Consequently, a discernible bearish correction unfolded, potentially laying the...

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October 27, 2023

SPONGE/USD Technical Analysis: Bullish Trends Poised for Further Gains

In the recent SPONGE/USD market assessment, we detected a surge in bullish activity around the $0.00011 level, following a modest pullback from the $0.000116 peak. As expected, our prior analysis foresaw the need for establishing a support level above $0.00011 to sustain the ongoing bullish momentu...

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October 21, 2023

SPONGE/USD ($SPONGE) Displays Significant Price Volatility in Anticipation of a Potential Breakout

From October 19th to October 20th, the $SPONGE market experienced a substantial upswing, originating from the support level at approximately $0.000092. This upward surge exhibited remarkable strength, transpiring rapidly and elevating the price to the $0.000096 range. However, trader confidence app...

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October 18, 2023

SPONGE/USD ($SPONGE) Bullish Sentiment Persists, Despite the Price Rejection at $0.000095

The bullish recovery of $SPONGE appears to have encountered resistance upon reaching the $0.000095 level, which suggests a potential consolidation phase around the $0.0000941 price point. This consolidation aims to establish a strong support base before the market can resume its bullish trajectory....

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October 16, 2023

Sponge/USD ($SPONGE) Continues Its Resilient Bullish Rebound

The $SPONGE market has consistently sustained its bullish recovery, resiliently facing resistance at the $0.0000938 level. The ongoing bull market has encountered a notable concentration of sell orders at this level, yet the steadfast support at $0.0000932 has effectively maintained the market̵...

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October 12, 2023

Sponge/USD ($SPONGE) Shows Promise of Rebounding at $0.00009, Amidst Persistent Bearish Pressure

Contrary to the anticipated rebound at the $0.000094 price level outlined in the previous market analysis, the SPONGE/USD price has instead descended to a fresh low, approaching the $0.00009 threshold. This bearish intrusion into what was previously bullish territory presents an opportune moment fo...

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