{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-rises-to-breach-level-of-0-000196\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-rises-to-breach-level-of-0-000196\/","headline":"Sponge (SPONGEUSDT) Price Rises to Breach Level of $0.000196","name":"Sponge (SPONGEUSDT) Price Rises to Breach Level of $0.000196","description":"Bulls\u2019 momentum increase Sponge Weekly Price Analysis \u2013 01 December If the bulls’ momentum picks up, Sponge can break through the $0.000330 barrier and hit the $0.000402 resistance level. The price can turn around and confront the support levels at $0.000196, $0.000196, and $0.000136 if the $0.000330 level holds. SPONGEUSDT Market Key levels: Resistance levels: […]","datePublished":"2023-12-01","dateModified":"2023-12-01","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\/12\/4-hours-1.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/12\/4-hours-1.png","height":655,"width":1515},"url":"https:\/\/forexschoolonline.com\/sponge-spongeusdt-price-rises-to-breach-level-of-0-000196\/","about":["Trading Mindset & Psychology","Trading strategy"],"wordCount":364,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"Bulls\u2019 momentum increaseSponge Weekly Price Analysis \u2013 01 DecemberIf the bulls’ momentum picks up, Sponge can break through the $0.000330 barrier and hit the $0.000402 resistance level. The price can turn around and confront the support levels at $0.000196, $0.000196, and $0.000136 if the $0.000330 level holds.SPONGEUSDT MarketKey levels:Resistance levels: $0.000330, $0.000402, $0.000502Support levels: $0.000196, $0.000169, $0.000136 SPONGEUSDT Long-term Trend: BullishSponge is bullish based on the daily chart forecast; the bears have control of the market for a considerable amount of time. The price was bottomed by the bearish momentum at the $0.000136 support level. The bullish engulfing candle appears, and the price rises to breach the price levels of $0.000169 and $0.000196. The resistance level of $0.000330 is the aim for the sponge price before the weekly market closes.The sponge price is trading above both the slow-moving average (21 periods EMA) and the fast-moving average (9) after penetrating them both on the upside. If the bulls’ momentum picks up, the price can break through the $0.000330 barrier and hit the $0.000402 resistance level. The price can turn around and confront the support levels at $0.000196, $0.000196, and $0.000136 if the $0.000330 level holds.\u00a0SPONGEUSDT Medium-term Trend: BullishThe precious metal is bullish on the 4-hour chart, indicating that bulls are taking control of the sponge market. Last week, the bears were driving the price down to the $0.000136 support level. Before the bulls cut off the bears, the mark was attained. The price pivots and breaks through the $0.000196 resistance level. The price is moving in the direction of the $0.000330 resistance level.Sponge is trading above the 9- and 21-period EMAs, indicating a positive trend in the market, as the price has penetrated the two upside EMAs.\u00a0 At 54 levels, the relative strength index is trending upward, indicating a purchase signal.We’ll let you know when the $SPONGE tokens have been released in full, so keep a watch on our feed.\ud83c\udf05 GM, #SPONGERS! \ud83e\uddfd\u2728Today's the day we've all been waiting for – #Airdrop Distribution Day! \ud83c\udf89 Keep an eye on our feed as we'll announce when the $SPONGE tokens have been fully distributed.Get ready!! \ud83d\ude80\ud83e\uddfd\ud83d\udc51#SpongeAirdrop #MemeCoin #Web3 pic.twitter.com\/G4huu2A2gw— $SPONGE (@spongeoneth) November 7, 2023Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!"}