{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/sponge-market-is-dominated-by-buyers\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/sponge-market-is-dominated-by-buyers\/","headline":"Sponge Market Is Dominated By Buyers","name":"Sponge Market Is Dominated By Buyers","description":"Sponge may continue to rise SPONGE Price Analysis \u2013 09 November If the resistance level at $0.000196 is broken, the price will increase to $0.000330 and $0.000402. If the $0.000196 level holds and the $0.000136 level permits, the price can fall to the $0.000087 and $0.000004 support levels. In the meantime, a bullish indicator is […]","datePublished":"2023-11-09","dateModified":"2023-11-09","author":{"@type":"Person","@id":"https:\/\/forexschoolonline.com\/author\/jonfox\/#Person","name":"Johnathon Fox","url":"https:\/\/forexschoolonline.com\/author\/jonfox\/","identifier":1,"description":"Johnathon is a Forex and Futures trader with over ten years trading experience who also acts as a mentor and coach to thousands and has written for some of the biggest finance and trading sites in the world.","image":{"@type":"ImageObject","@id":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/d0b589a007c132efe23124c05a02b68524844c0089401129bd50bc12ee59d3a9?s=96&d=monsterid&r=g","height":96,"width":96}},"publisher":{"@type":"Organization","name":"Forex School Online","logo":{"@type":"ImageObject","@id":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","url":"https:\/\/www.forexschoolonline.com\/\/wp-content\/uploads\/2018\/09\/FSO-Transparent-logo-gr.png","width":240,"height":60}},"image":{"@type":"ImageObject","@id":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/11\/4-hours-7.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/11\/4-hours-7.png","height":655,"width":1515},"url":"https:\/\/forexschoolonline.com\/sponge-market-is-dominated-by-buyers\/","about":["Trade Idea","Trade Setups","Trading","Trading Mindset & Psychology","Trading strategy"],"wordCount":375,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"Sponge may continue to riseSPONGE Price Analysis \u2013 09 November If the resistance level at $0.000196 is broken, the price will increase to $0.000330 and $0.000402. If the $0.000196 level holds and the $0.000136 level permits, the price can fall to the $0.000087 and $0.000004 support levels. In the meantime, a bullish indicator is given by the relative strength index period 14 at 45 levelsSPONGEUSDT MarketKey Levels:Resistance levels: $0.000196, $0.000330, $0.000402Support levels: $0.000136, $0.000087, $0.000004SPONGEUSDT Long-term Trend: BullishAfter stabilizing for a few days, Sponge began to rise on August 7. This is evident when the prolonged daily bullish candle appears and breaks through the $0.000136 resistance level. The price is approaching the $0.000196 price level as more bullish candles emerge.\u00a0 Sponge is rising higher today, and above the $0.000196 barrier level, a robust daily bullish candle is forming. The daily chart indicates that the market is dominated by buyers. The price has broken above the 9- and 21-period moving averages (EMAs), with the former above the latter, indicating the start of a bullish trend. If the resistance level at $0.000196 is broken, the price will increase to $0.000330 and $0.000402. If the $0.000196 level holds and the $0.000136 level permits, the price can fall to the $0.000087 and $0.000004 support levels. In the meantime, a bullish indicator is given by the relative strength index period 14 at 45 levels.SPONGEUSDT Medium-term Trend: BullishThe remarkable medium-term performance of Sponge could be explained by the loyal customer base. Stated differently, since the $0.000087 price level was tested, price actions have been upward. Sponge is increasing as of right now, and it may continue to rise until the bulls build a strong barrier or the $0.000196 resistance level holds.Testing the significant resistance of $0.000196 and $0.000330 could be the goal of the upward advance. The coin has the potential to achieve a high resistance level of $0.000330 with one more push from the bulls. A purchase signal is shown by the rising signal line and the RSI (14) nearing the 31 levels.The distribution of the $SPONGE airdrop has concluded.\ud83d\udea8 Exciting news, #SPONGERS! \ud83e\uddfdThe $SPONGE Airdrop distribution is now complete! https:\/\/t.co\/iMAdfg9SiSCheck your wallets to see if you've made a splash as one of the recipients! \ud83c\udf0a\ud83d\udcb0#SPONGE #MemeCoin #Airdrop pic.twitter.com\/yw7RKVtcg9— $SPONGE (@spongeoneth) November 7, 2023Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!"}