{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/sponge-price-more-bullish-candles-appear-price-increases\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/sponge-price-more-bullish-candles-appear-price-increases\/","headline":"Sponge Price: More Bullish Candles Appear, Price Increases","name":"Sponge Price: More Bullish Candles Appear, Price Increases","description":"Buyers are dominating over sellers SPONGE Price Analysis \u2013 19 October In case the $0.000136 resistance level is broken, the price will rise to $0.000196 and $0.000330. If the $0.000087 level allows, the price may drop to the support level at $0.000004 and $0.000006 if the $0.000136 holds. SPONGEUSDT Market Key Levels: Resistance levels: $0.000136, […]","datePublished":"2023-10-19","dateModified":"2023-10-19","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\/10\/4-hours-17.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/10\/4-hours-17.png","height":655,"width":1515},"url":"https:\/\/forexschoolonline.com\/sponge-price-more-bullish-candles-appear-price-increases\/","about":["Technical Analysis","Trade Idea","Trade Setups","Trading"],"wordCount":349,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"Buyers are dominating over sellersSPONGE Price Analysis \u2013 19 OctoberIn case the $0.000136 resistance level is broken, the price will rise to $0.000196 and $0.000330. If the $0.000087 level allows, the price may drop to the support level at $0.000004 and $0.000006 if the $0.000136 holds.SPONGEUSDT MarketKey Levels:Resistance levels: $0.000136, $0.000196, $0.000330Support levels: $0.000087, $0.000004, $0.000006SPONGEUSDT Long-term Trend: BullishAfter a few days of consolidation, Sponge began a bullish advance on August 7. This is evident when the extended daily bullish candle appears and breaks through the $0.000136 resistance level. As more bullish candles appear, the price moves closer to the $0.000196 price level. It retreated to the $0.000087 prior low. With the development of a robust daily bullish candle, the price of Sponge is surging higher today and is aiming for the $0.000136 resistance level.The daily chart indicates that the market is dominated by buyers. Sponge has crossed above the 9- and 21-period moving averages (EMAs), and the former is above the latter, indicating the start of a bullish trend. If the $0.000136 resistance level is broken, the price will rise to $0.000196 and $0.000330. If the $0.000087 level allows, the price may drop to the support level at $0.000004 and $0.000006 if the $0.000136 holds. In the meantime, a bullish indication is shown by the relative strength index period 14 at 61 levels.SPONGEUSDT Medium-term Trend: BullishIn the medium term, Sponge has performed exceptionally well; this could be because of ongoing pressure from Sponge’s customers. In other words, following the breakout of the $0.000087 price level, the price actions are in an upward trend. The market is rising, and this trend can continue unless the bears put up a strong fight or the $0.000136 resistance level holds.Testing the significant resistance of $0.000136 and $0.000330 could be the goal of the upward surge. The coin could reach the high resistance level of $0.000330 with one more push from the bulls. The buy signal is indicated by the RSI (14) moving into the oversold zone and the signal line going up.Prepare for $SPONGE.Get ready for $SPONGE \ud83e\uddfd\ud83d\udca6#Web3 #CryptoMeme #Trading pic.twitter.com\/XGZhf3Pl0J— $SPONGE (@spongeoneth) October 19, 2023Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!\u00a0"}