{"@context":"https:\/\/schema.org\/","@type":"BlogPosting","@id":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-momentum-is-increasing\/#BlogPosting","mainEntityOfPage":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-momentum-is-increasing\/","headline":"SPONGEUSDT Price: Bulls\u2019 Momentum Is Increasing","name":"SPONGEUSDT Price: Bulls\u2019 Momentum Is Increasing","description":"Bulls are returning into the market after a pullback SPONGEUSDT Price Analysis \u2013 28 August After the price retracement, a further increase in the price of SPONGEUSDT is envisaged, provided the currency pair breaks up the resistance level of $0.000136, the next upward target will be $0.000196, and $0.000330 levels. Key Levels: Supply level: $0.000136, […]","datePublished":"2023-08-29","dateModified":"2023-08-29","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-30.png","url":"https:\/\/forexschoolonline.com\/wp-content\/uploads\/2023\/08\/4-hours-30.png","height":655,"width":1515},"url":"https:\/\/forexschoolonline.com\/spongeusdt-price-bulls-momentum-is-increasing\/","about":["Trade Idea","Trading","Trading Mindset & Psychology","Trading strategy"],"wordCount":385,"keywords":["Marketing","Sponge","Technical Analysis"],"articleBody":"Bulls are returning into the market after a pullbackSPONGEUSDT Price Analysis \u2013 28 AugustAfter the price retracement, a further increase in the price of SPONGEUSDT is envisaged, provided the currency pair breaks up the resistance level of $0.000136, the next upward target will be $0.000196, and $0.000330 levels.Key Levels:Supply level: $0.000136, $0.000196, $0.000330Demand level: $0.000093, $0.000004, $0.000006SPONGEUSDT Long-term Trend: BullishSPONGEUSDT is bullish, on the long-term outlook. When the currency pair found support at the $0.000093 level last week, sellers continued to exert pressure on the SPONGEUSDT market. Sponge rebound and increase towards the resistance level of $0.000136. More bullish daily candles were produced and the just mentioned level is about to be broken upside. On August 08, the price tested the resistance level of $0.000196 and pulled back. At the moment, the price is increasing towards the previous high.The price is trading above the two EMAs which indicates an increase in the bulls\u2019 momentum. Also, the 9 periods EMA is about crossing the 21 periods. After the price retracement, a further increase in the price of SPONGEUSDT is envisaged, provided the currency pair breaks up the resistance level of $0.000136, the next upward target will be $0.000196, and $0.000330 levels. In case the resistance level of $0.000136 is defended by the bears, the price may decline to the support level of $0.000093. The relative strength index period 14 is at 45 levels with the signal lines pointing up to indicate buy signal.\u00a0SPONGEUSDT Medium-term Trend: BullishSPONGEUSDT is bullish on the medium-term outlook. Buyers prevailed over the sellers on August 08 last two weeks when the resistance level of $0.000136 was penetrated. The price increased and tested the resistance levels of $0.000196. The just mentioned level holds and the price bounces off the level. Bulls are currently returning to the market, there is a possibility for further price increases.The price is between the 21 periods EMA and the 9 periods EMA with the two EMAs separate from each other. The Relative Strength Index period 14 is at 49 levels with the signal line pointing up which indicates buy.Discover the best #MemeCoin and soak up all the moisture!\ud83c\udf0a Immerse yourself in the world of $SPONGE and start trading on @gate_io!\ud83d\ude80\ud83d\udca7Explore the ultimate #MemeCoin and absorb all the damp!\ud83e\uddfd\ud83c\udf0a\ud83d\udd17 Dive in – https:\/\/t.co\/lDGSBf8kaO pic.twitter.com\/NPBHfJePB7— $SPONGE (@spongeoneth) August 26, 2023Invest in the hottest and best meme coin? Buy Sponge ($SPONGE) today!"}