{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-are-starting-to-emerge-again\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-are-starting-to-emerge-again\/","headline":"SPONGEUSDT Price: Bulls Are Starting to Emerge Again","name":"SPONGEUSDT Price: Bulls Are Starting to Emerge Again","description":"Market may move significantly higher SPONGEUSDT Price Analysis \u2013 14 September If the Sponge is successful in breaking above the $0.000136 level of resistance, the next upward targets for the Sponge are the $0.000196 and $0.000330 levels, which are anticipated to emerge following the market fall. Key Levels: Supply level: $0.000136, $0.000196, $0.000330 Demand level: […]","datePublished":"2023-09-15","dateModified":"2023-09-15","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\/09\/4-hours-13.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/09\/4-hours-13.png","height":655,"width":1515},"url":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-are-starting-to-emerge-again\/","about":["FX Technical Analysis","Trade Idea","Trade Setups"],"wordCount":352,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"Market may move significantly higherSPONGEUSDT Price Analysis \u2013 14 SeptemberIf the Sponge is successful in breaking above the $0.000136 level of resistance, the next upward targets for the Sponge are the $0.000196 and $0.000330 levels, which are anticipated to emerge following the market fall.Key Levels:Supply level: $0.000136, $0.000196, $0.000330Demand level: $0.000087, $0.000004, $0.000006 SPONGEUSDT Long-term Trend: BullishThe SPONGEUSDT has a favorable long-term outlook. When the price of bitcoin hit $0.000087 a few weeks ago, it found support. Last week, however, sellers kept driving the SPONGEUSDT market lower. The coin’s value recently exceeded $0.000136. There were more bullish than bearish daily candles forming, and the level of $0.000196 was going to be crossed. The price momentarily increased to the $0.000196 maximum on September 6 before falling. The price will quickly rise back to its earlier peak.The rising crossover of the sponge and the two EMAs indicates that the bullish trend is intensifying. The 21-period mark for the 9-period EMA is also approaching. If the Sponge is successful in breaking above the $0.000136 level of resistance, the next upward targets for the Sponge are the $0.000196 and $0.000330 levels, which are anticipated to emerge following the market fall. The price may drop below the support level of $0.000067 if the bears are successful in holding the resistance level of $0.000136. A purchase signal is being given at level 49 by the relative strength index period 14 signal lines, which are pointing upward.SPONGEUSDT Medium-term Trend: BullishThe medium-term forecast is favorable according to SPONGEUSDT. Bulls are starting to emerge again, thus the market may move significantly higher. Prior to the resistance level of $0.000136 being surpassed on August 8th, buyers outweighed sellers for the preceding four weeks. A protest of $0.000196 was needed to prevent a price increase. As long as the level persists, the price returns to the earlier level.The price is above the distinct exponential moving averages of 21 and 9 periods. Buying is suggested since the signal line is pointing upward and the Relative Strength Index period 14 is at 51 levels.Day in the life of a #Hodler\ud83d\udcb0\ud83e\uddd0\ud83d\ude02 pic.twitter.com\/E8ZEdWmDR5— $SPONGE (@spongeoneth) September 14, 2023Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!"}