Based on today's classical pivot point (P1) with the value of $0.0₆7949, Sponge has support levels of $0.0₆7932, $0.0₆7901, and the strongest at $0.0₆7885. Similarly, Sponge resistance levels are at $0.0₆7980, $0.0₆7996, and $0.0₆8027.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆7932 | |
| S2 | $0.0₆7901 | |
| S3 | $0.0₆7885 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₆7980 | |
| R2 | $0.0₆7996 | |
| R3 | $0.0₆8027 |
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) | 9.46 | BUY |
| Stoch RSI (14) | 4.26 | BUY |
| Stochastic Fast (14) | 2.57 | BUY |
| Commodity Channel Index (20) | -184.50 | BUY |
| Average Directional Index (14) | NEUTRAL | |
| Awesome Oscillator (5, 34) | -0.00 | NEUTRAL |
| Momentum (10) | -0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -97.43 | BUY |
| Bull Bear Power (13) | -0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 27.79 | BUY |
| VWMA (10) | 0.00 | SELL |
| Hull Moving Average (9) | 0.00 | SELL |
| 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 Immutable X (IMX), Aster (ASTER), Dash (DASH), Polygon Ecosystem Token (POL) and Jito (JTO) and most negatively correlated with the price of LEO Token (LEO), Jupiter (JUP), Uniswap (UNI), Ondo Finance (ONDO) and Binance Coin (BNB).
| Name | Correlation |
|---|---|
| Immutable X | 0.952 |
| Aster | 0.928 |
| Dash | 0.918 |
| Polygon Ecosystem Token | 0.912 |
| Jito | 0.910 |
| Name | Correlation |
|---|---|
| LEO Token | -0.772 |
| Jupiter | -0.749 |
| Uniswap | -0.737 |
| Ondo Finance | -0.606 |
| Binance Coin | -0.604 |
Sponge price is positively correlated with the top 10 coins by market cap with a price of 0.367, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.454.
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.
