{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-buyers-are-fully-in-control-of-market\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-buyers-are-fully-in-control-of-market\/","headline":"Sponge (SPONGEUSDT) Price: Buyers Are Fully in Control of Market","name":"Sponge (SPONGEUSDT) Price: Buyers Are Fully in Control of Market","description":"The price is targeting $0.000196 SPONGEUSDT Price Analysis \u2013 08 August When $0.000196 barrier is broken, Sponge might rise to the $0.000330 and $0.000402 levels.\u00a0 If the bears manage to hold the $0.000196 resistance level, the price may retrace and come to rest against the $0.000136, $0.000093, and $0.000006 support levels. Key Levels: Supply level: […]","datePublished":"2023-08-09","dateModified":"2023-08-09","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\/08\/SPONGE-IMAGES-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/SPONGE-IMAGES-1.png","height":64,"width":64},"url":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-buyers-are-fully-in-control-of-market\/","about":["Price Action Charts in Focus","Trade Idea","Trade Setups","Trading","Trading strategy"],"wordCount":325,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"The price is targeting $0.000196SPONGEUSDT Price Analysis \u2013 08 AugustWhen $0.000196 barrier is broken, Sponge might rise to the $0.000330 and $0.000402 levels.\u00a0 If the bears manage to hold the $0.000196 resistance level, the price may retrace and come to rest against the $0.000136, $0.000093, and $0.000006 support levels.Key Levels:Supply level: $0.000196, $0.000330, $0.000402Demand level: $0.000136, $0.000093, $0.000006 SPONGEUSDT Long-term trend: BullishSPONGEUSDT is bullish on the daily chart. For more than two weeks, the sellers dominated the SPONGE\/USDT market. To give more buyers a chance, the negative trend drove the price to test the $0.000093 support level. At the indicated level, a bullish engulfing candle formed. The price rose and have broken up the $0.000136 resistance level. The price is currently rising toward $0.000196 resistance level. SPONGEUSDT is currently trading above the 9-period and 21-period exponential moving averages, which point to a bullish market.\u00a0 The signal lines on the relative strength index period 14 are going upward, signaling a buy signal, and the index is at 77 levels. If the $0.000196 barrier is broken, Sponge might rise to the $0.000330 and $0.000402 levels.\u00a0 If the bears manage to hold the $0.000196 resistance level, the price may retrace and come to rest against the $0.000136, $0.000093, and $0.000006 support levels.SPONGEUSDT Medium-term Trend: BullishSPONGEUSDT is on the bullish movement in the medium-term outlook. Last week, the cryptocurrency fluctuated between the resistance levels of $0.000136 and $0.000093. The price is being pushed to the dynamic resistance levels as the bulls’ momentum grows. Buyers are applying further pressure to the $0.000136 resistance level. Sponge penetrated today and the price exposes to $0.000196.The price is trading above the 9-period EMA and 21-period EMA, two indicators of a bullish market, and the bulls are currently in control of the market. However, the period 14 relative strength index is at 77 levels and pointing upward, signaling a buy signal.preventing the crash of the cryptocurrency market…Saving the #Crypto market crash be like… \ud83d\udcb0\ud83e\udd23\ud83d\udd25 pic.twitter.com\/wkSWG1XfKa— $SPONGE (@spongeoneth) August 8, 2023Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!"}