SPONGEUSD Archives - Page 6 of 9

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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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 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 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 02, 2023

SPONGE/USD ($SPONGE) Bulls Now Eyes the $0.0001457 Price Level

Strong bearish sentiment issued from the supply level at $0.0001460, but as expected, the SPONGE/USD bear market could not go beyond $0.00014 because bullish sentiment was also strong at this level. Bulls have now been able to sustain a higher support level around $0.0001411, and the support level ...

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June 30, 2023

Sponge/USD ($Sponge) To Continue Upside Action From $0.0001411

The $SPONGE market is retracing a lower price level after hitting the $0.0001423 price level. The price retracement is not going to last because, around the $0.00014 price level, bullish sentiment is very strong, and the bear market is not likely to go beyond this key demand level. Key Levels Resis...

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June 29, 2023

The SPONGE/USD ($SPONGE) Price Is on the Rise

Towards the end of the previous daily trading session, the bearish price of the SPONGE/USD pair reached the $0.00014 support price level. However, its strong bear market could not go any further beyond the demand level. At this point in the market, the traders are ready to buy again, so the price r...

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June 25, 2023

Sponge (SPONGE/USD) to Bounce Back From $0.000148

Breaking into the $0.00015 price zone is a major achievement for the SPONGE/USD bulls after they were able to turn the market around at $0.000137 on June 15. Since then, higher lows have begun to form on the 4-hour chart. On June 23, another higher low was formed above the $0.00015 price level, but...

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