{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-buyers-pressure-on-0-000136-resistance-level-is-increasing\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-buyers-pressure-on-0-000136-resistance-level-is-increasing\/","headline":"Sponge (SPONGEUSDT) Price: Buyers\u2019 Pressure Is Increasing Toward $0.000136 Resistance level","name":"Sponge (SPONGEUSDT) Price: Buyers\u2019 Pressure Is Increasing Toward $0.000136 Resistance level","description":"There may be a breakout at $0.000136 level SPONGEUSDT Price Analysis \u2013 11 August Sponge increases to the $0.000330 and $0.000402 levels are possible if the $0.000196 barrier is overcome.\u00a0 Sponge may retrace and settle against the $0.000136, $0.000093, and $0.000006 support levels if the bears are successful in holding the $0.000196 resistance level. Key […]","datePublished":"2023-08-11","dateModified":"2023-08-11","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\/SPONGESPONGE.jpg","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/SPONGESPONGE.jpg","height":400,"width":400},"url":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-buyers-pressure-on-0-000136-resistance-level-is-increasing\/","about":["Price Action Charts in Focus"],"wordCount":353,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"There may be a breakout at $0.000136 levelSPONGEUSDT Price Analysis \u2013 11 AugustSponge increases to the $0.000330 and $0.000402 levels are possible if the $0.000196 barrier is overcome.\u00a0 Sponge may retrace and settle against the $0.000136, $0.000093, and $0.000006 support levels if the bears are successful in holding the $0.000196 resistance level.Key Levels:Supply level: $0.000136, $0.000196, $0.000330Demand level: $0.000093, $0.000006, $0.000003 SPONGEUSDT Long-term trend: BullishSPONGEUSDT is bullish on the daily chart. For more than two weeks, the sellers dominated the SPONGE\/USDT market. In order to give more buyers an opportunity, the downward trend drove the price to test the $0.000093 support level. At the indicated level, a bullish engulfing candle that was climbing developed. As the price rose, the $0.000136 resistance level was broken. The price is increasing and is getting closer to the $0.000196 barrier level.The fact that SPONGEUSDT is currently trading above the 9-period and 21-period exponential moving averages suggests that the market is bullish.\u00a0 The period 14 signal lines of the relative strength index are pointing up, indicating a buy signal and the index is at 41 levels. If the $0.000196 barrier is broken, price increases to the $0.000330 and $0.000402 levels are feasible.\u00a0 If the bears are successful in holding the $0.000196 resistance level, the price may retrace and settle 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 coin’s resistance range was between $0.000136 and $0.000093. The price is being pushed near the dynamic resistance levels as the bulls’ energy grows. Buyer pressure on the $0.000136 resistance level has recently increased. As of yesterday, the price was revealed to $0.000196.Since the price is trading above both the 9-period EMA and the 21-period EMA, bulls are currently in control of the market. On the other side, the period 14 relative strength index is at 48 levels and pointing upward, providing a buy signal.You can usually tell when something major is going to be announced.When there's an announcement for an announcement, you know it's going to be important…\ud83d\ude80\ud83d\udd14\ud83e\udd23 pic.twitter.com\/ytlk0gh6MT— $SPONGE (@spongeoneth) August 1, 2023 Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!  "}