Based on today's classical pivot point (P1) with the value of $0.0₅2467, Sponge has support levels of $-5.585e-7, $-0.000002071, and the strongest at $-0.000005096. Similarly, Sponge resistance levels are at $0.0₅3979, $0.0₅7004, and $0.0₅8517.
| # | Price | Strength |
|---|---|---|
| S1 | $-5.585e-7 | |
| S2 | $-0.000002071 | |
| S3 | $-0.000005096 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅3979 | |
| R2 | $0.0₅7004 | |
| R3 | $0.0₅8517 |
Technical indicators are an essential tool for conducting technical analysis. They provide insights into an asset's market status, investor sentiment, and more, thereby helping investors make more informed trading decisions.
| Period | Value | Action |
|---|---|---|
| RSI (14) | 0.00 | BUY |
| Stoch RSI (14) | 0.00 | BUY |
| Stochastic Fast (14) | 0.00 | BUY |
| Commodity Channel Index (20) | -666.67 | BUY |
| Average Directional Index (14) | NEUTRAL | |
| Awesome Oscillator (5, 34) | -0.00 | SELL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | -0.00 | NEUTRAL |
| Williams Percent Range (14) | -100.00 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 0.00 | BUY |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | NEUTRAL | |
| Ichimoku Cloud B/L (9, 26, 52, 26) | 0.00 | NEUTRAL |
Over the past 7 days, Sponge price was most positively correlated with the price of Jupiter (JUP), Midnight (NIGHT), Aerodrome Finance (AERO), Pump.fun (PUMP) and Pi Network (PI) and most negatively correlated with the price of Uniswap (UNI), Arbitrum (ARB), JUST (JST), DeXe (DEXE) and Zcash (ZEC).
| Name | Correlation |
|---|---|
| Jupiter | 0.591 |
| Midnight | 0.562 |
| Aerodrome Finance | 0.507 |
| Pump.fun | 0.500 |
| Pi Network | 0.476 |
| Name | Correlation |
|---|---|
| Uniswap | -0.783 |
| Arbitrum | -0.763 |
| JUST | -0.749 |
| DeXe | -0.740 |
| Zcash | -0.728 |
Sponge price is negatively correlated with the top 10 coins by market cap with a price of -0.108, excluding Tether (USDT) and negatively correlated with the top 100 coins by market cap excluding all stablecoins with a price of -0.055.
Currencies that are positively correlated with Sponge indicate that the movement of one has a statistically significant weight to lead the other in the same direction. For currencies that are negatively correlated with Sponge, a move in one direction for Sponge would translate into a move in the opposite direction for the negatively correlated coin.
