Buyers are increasing pace
SPONGE (SPONGEUSDT) Price Analysis – 21 October
The targets might be the resistance levels of $0.000136, $0.000330, and $1,786 if the $0.000081 level holds. The support levels of $0.000006 and $0.000004 can be tested if the downward trend breaks the support level of $0.000081.
SPONGEUSDT Market
Key levels:
Resistance levels: $0.000136, $0.000196, $$0.000330
Support levels: $0.000081, $0.000006, $0.000004
SPONGEUSDT Long-term Trend: Bullish
Sponge has a bright future ahead of it. Consumers aren’t yet worn out. As a result of consumer pressure, sponge prices are rising. On September 6, the $0.000136 resistance level was not maintained. The number of bullish candles per day increased. At $0.000136, the price broke through a key price threshold. Last week, the price moved back and forth between the indicated resistance levels. In an effort to draw in additional investors, sellers stepped up their pressure and broke the level toward the conclusion of the week. At the moment, buyers are applying greater pressure and searching for the $0.000136 threshold.
The price trading above and the Hull Suite crypto signaling indicator both indicate positive activity in the Sponge market. The targets might be the resistance levels of $0.000136, $0.000330, and $1,786 if the $0.000081 level holds. The support levels of $0.000006 and $0.000004 can be tested if the downward trend breaks the support level of $0.000081.
SPONGEUSDT Medium-term Trend: Bullish
The Sponge chart for four hours indicates a bullish trend. The disturbance caused by the selling did not cause a bearish market reversal. At the aforementioned resistance level, it appears that the bulls’ pressure has not yet been released. On October 14th, strong bullish candles formed, indicating that buyers are increasing their pace. The price will rise toward $0.000196 after breaking through the $0.000136 barrier level.
Bears have a difficult time adjusting.
Bears coping hard pic.twitter.com/ITA0Bkj4nj
— $SPONGE (@spongeoneth) October 11, 2025
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