$SPONGE (SPONGE/USD): Capitulation Play – The Setup for a Squeeze
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The brutal sell-off in $SPONGE appears to have met its match at the $0.000013 support floor. Here, the charts are telling a story of a standoff: a quartet of Doji candles has emerged, marking a definitive pause in the bleeding and hinting that the bears are finally out of ammunition.
This is where smart money often steps in. The evidence suggests accumulation is happening at these depressed levels, setting the stage for a violent counter-trend move. The fuse is lit; we’re only waiting for the spark.
The Battle Lines Are Drawn:
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Resistance (Targets): $0.000115, $0.000120, $0.000130
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Support (Last Defense): $0.000010, $0.000009, $0.000008
SPONGE/USD Daily Chart: Oversold to an Extreme
The technicals are screaming “oversold.” $SPONGE Price was thrown out of the Bollinger Bands before it found stability at $0.000013, and the RSI is buried in deeply oversold territory since the breakdown. Markets rarely stay this stretched for long. This isn’t just a dip; it’s a spring coiled tightly, ready to snap back toward the mean. Traders and analysts should take this crypto signal seriously.
SPONGE/USD 4-Hour Chart Outlook: A Volatile Upside Awaits
When this rebound triggers, it could be explosive. The first logical target sits near $0.00006. With volatility gauges maxed out, the ensuing move could be a trader’s paradise—fast, furious, and highly profitable for those positioned correctly.
Buy $SPONGE!
Degens: ‘I can handle the stress”
Also Degens: pic.twitter.com/ppjOLacWaq
— $SPONGE (@spongeoneth) October 22, 2025
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