Based on today's classical pivot point (P1) with the value of $0.0₆9662, Sponge has support levels of $0.0₆8563, $0.0₆6377, and the strongest at $0.0₆5278. Similarly, Sponge resistance levels are at $0.0₅1185, $0.0₅1295, and $0.0₅1513.
| # | Price | Strength |
|---|---|---|
| S1 | $0.0₆8563 | |
| S2 | $0.0₆6377 | |
| S3 | $0.0₆5278 |
| # | Price | Strength |
|---|---|---|
| R1 | $0.0₅1185 | |
| R2 | $0.0₅1295 | |
| R3 | $0.0₅1513 |
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) | 58.81 | NEUTRAL |
| Stoch RSI (14) | 51.31 | NEUTRAL |
| Stochastic Fast (14) | 99.80 | SELL |
| Commodity Channel Index (20) | 386.02 | SELL |
| Average Directional Index (14) | NEUTRAL | |
| Awesome Oscillator (5, 34) | 0.00 | BUY |
| Momentum (10) | 0.00 | NEUTRAL |
| MACD (12, 26) | 0.00 | NEUTRAL |
| Williams Percent Range (14) | -0.20 | SELL |
| Bull Bear Power (13) | 0.00 | NEUTRAL |
| Ultimate Oscillator (7, 14, 28) | 79.96 | SELL |
| VWMA (10) | 0.00 | BUY |
| Hull Moving Average (9) | 0.00 | BUY |
| 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 Pump.fun (PUMP), Stacks (STX), Polygon Ecosystem Token (POL), Zcash (ZEC) and Convex Finance (CVX) and most negatively correlated with the price of JUST (JST), World Liberty Financial (WLFI), APENFT (NFT), Sun Token (SUN) and Beldex (BDX).
| Name | Correlation |
|---|---|
| Pump.fun | 0.945 |
| Stacks | 0.931 |
| Polygon Ecosystem Token | 0.924 |
| Zcash | 0.919 |
| Convex Finance | 0.918 |
| Name | Correlation |
|---|---|
| JUST | -0.586 |
| World Liberty Financial | -0.413 |
| APENFT | -0.212 |
| Sun Token | 0.163 |
| Beldex | 0.193 |
Sponge price is positively correlated with the top 10 coins by market cap with a price of 0.741, excluding Tether (USDT) and positively correlated with the top 100 coins by market cap excluding all stablecoins with a price of 0.715.
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.
