{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-bulls-may-continue-to-control-market-2\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-bulls-may-continue-to-control-market-2\/","headline":"Sponge (SPONGEUSDT) Price: Bulls May Continue to Control Market","name":"Sponge (SPONGEUSDT) Price: Bulls May Continue to Control Market","description":"The price is currently rising and remaining stable SPONGEUSDT Price Analysis \u2013 07 August The breakup of $0.000136 level may increase the price to $0.000196 and $0.000330 levels.\u00a0 In case the bears defend the resistance level of $0.000136, Sponge may reverse and face the support levels of $0.000093, $0.000006 and $0.000004 Key Levels: Supply level: […]","datePublished":"2023-08-08","dateModified":"2023-08-08","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\/08\/SPONGE-IMAGES.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/SPONGE-IMAGES.png","height":64,"width":64},"url":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-bulls-may-continue-to-control-market-2\/","about":["Price Action Charts in Focus","Trade Idea","Trade Setups","Trading"],"wordCount":313,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"The price is currently rising and remaining stableSPONGEUSDT Price Analysis \u2013 07 AugustThe breakup of $0.000136 level may increase the price to $0.000196 and $0.000330 levels.\u00a0 In case the bears defend the resistance level of $0.000136, Sponge may reverse and face the support levels of $0.000093, $0.000006 and $0.000004Key Levels:Supply level: $0.000136, $0.000196, $0.000330Demand level: $0.000093, $0.000006, $0.000004 SPONGEUSDT Long-term trend: BullishSPONGEUSDT is bullish on the daily chart. The sellers dominate the SPONGE\/USDT market for more than two weeks. The bearish movement pushed the price to test the support level of $0.000093 just to create an opportunity for more buyers. A bullish engulfing candle formed at the mentioned level, Sponge increased and may test and break the resistance level of $0.000136. The price is inclining at the moment.SPONGEUSDT is trading close to the 9 periods EMA and the 21-period EMA which indicates a bullish market. \u00a0The relative strength index period 14 is at 67 levels with the signal lines pointing upside to indicate buy signal. The breakup of $0.000136 level may increase the price to $0.000196 and $0.000330 levels.\u00a0 In case the bears defend the resistance level of $0.000136, the price may reverse and face the support levels of $0.000093, $0.000006 and $0.000004.SPONGEUSDT Medium-term Trend: BullishSPONGEUSDT is on the bullish movement in the medium-term outlook. The crypto was ranging within the resistance level of $0.000136 and $0.000093 levels last week. The bulls\u2019 momentum increases and it is pushing the price to the dynamic resistance levels. It seems the buyers\u2019 pressure is increasing towards the resistance level of $0.000137.Today, the bulls are dominating the market and the price is trading slightly above the 9 periods EMA and 21-period EMA as an indication of a bullish market. However, the relative strength index period 14 is at 67 levels pointing upside to indicate a buy signal.They have witnessed some things.They\u2019ve seen some things… \ud83d\udc40\ud83e\udd23 pic.twitter.com\/qOxxk4paAh— $SPONGE (@spongeoneth) August 7, 2023Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!"}