{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-are-currently-defending-0-000093-level\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-are-currently-defending-0-000093-level\/","headline":"SPONGEUSDT Price: Bulls Are Currently Gaining More Pressure","name":"SPONGEUSDT Price: Bulls Are Currently Gaining More Pressure","description":"Bulls\u2019 pressure increases on SPONGEUSDT market SPONGEUSDT Price Analysis \u2013 22 August Bulls can push Sponge higher after a retreat by breaching the $0.000136 resistance level; they may then reach the $0.000196 and $0.000330 levels. Bulls are currently defending $0.000093 level and moving north. Key Levels: Supply level: $0.000136, $0.000196, $0.000330 Demand level: $0.000093, $0.000004, […]","datePublished":"2023-08-23","dateModified":"2023-08-23","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\/4-hours-22.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/4-hours-22.png","height":655,"width":1515},"url":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-are-currently-defending-0-000093-level\/","about":["Trade Idea","Trade Setups","Trading"],"wordCount":299,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"Bulls\u2019 pressure increases on SPONGEUSDT marketSPONGEUSDT Price Analysis \u2013 22 AugustBulls can push Sponge higher after a retreat by breaching the $0.000136 resistance level; they may then reach the $0.000196 and $0.000330 levels. Bulls are currently defending $0.000093 level and moving north.Key Levels:Supply level: $0.000136, $0.000196, $0.000330Demand level: $0.000093, $0.000004, $0.000006SPONGEUSDT Long-term Trend: BullishSponge is bullish on the daily chart. The coin found support at $0.000093 on June 22. When the bullish morning star chart pattern emerged, the price increased and approached the $0.000196 resistance level. When the price fell, the previous, weak level of support was contacted. The bulls are currently defending the $0.000093 level and moving north.Bulls can push Sponge higher after a retreat by breaching the $0.000136 resistance level; they may then reach the $0.000196 and $0.000330 levels. The price may turn around and hit the $0.000093, $0.000004, and $0.000006 support levels if the bears are successful in holding the $0.000136 level. Because the two dynamic levels are so near to one another, the 9-period exponential moving average is attempting to cross the 21-period EMA higher to generate bullish momentum.SPONGEUSDT Medium-term Trend: BullishOn the 4-hour chart, the sponge is bullish. As the target price of $0.000136 approaches, the price is rising. The bears drove Sponge below the $0.000093 support level. On August 8, the bulls’ resistance to the price drop caused the $0.000136 resistance level to be tested. The price is continuing to rise.A strong momentum is developing as SPONGEUSDT trades above the two EMAs and strives to cross the 21-period EMAs to the upside. The bulls’ momentum is gaining strength day by day. A period 14 relative strength index that is bending up at level 44 is displaying a buy signal.Is that really how it is?It really be like that… \ud83d\ude04\ud83d\ude02\ud83d\udc4c pic.twitter.com\/BD6TxOoaQT— $SPONGE (@spongeoneth) August 19, 2023Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!"}