SPONGE/USD ($SPONGE) Kicks Off September With Renewed Bullish Energy

In the last analysis, SPONGE/USD established support at $0.000085 before initiating a recovery. The bullish momentum encountered resistance near $0.000088, creating a temporary pause in the upward drive.

As September begins, price action is regaining traction, approaching the $0.00009 threshold. A decisive break above this level could open the path toward higher resistance zones, provided SPONGE/USD buying pressure holds firm.

Technical Outlook: Key Price Zones

• Resistance: $0.000115, $0.000120, $0.000130
• Support: $0.000085, $0.000080, $0.000075

$SPONGE Daily Chart: Bulls Seize Control

The recent rebound aligns with earlier signals that the market was nearing a turning point. Oversold conditions encouraged traders to re-enter long positions, while consolidation at lower levels created a base for recovery.

The Bollinger Bands widened significantly following the sharp bearish drop, confirming heightened volatility. That move to $0.000085 provided the springboard for a bullish reaction, with prices now pressing upward toward the $0.00009 barrier.

SPONGE/USD 4-Hour Chart: Testing Resistance Levels

On the 4-hour timeframe, $SPONGE has broken out of its previous consolidation range, hinting at renewed optimism among traders. Still, challenges remain. The $0.00009 level acts as a critical resistance point, reinforced by the current volatility.

If bulls can secure higher support near $0.000088, the groundwork may be set for a decisive push above $0.00009, potentially unlocking the path toward higher resistance targets.

Buy $SPONGE!

When bro hits a 100x and forgets to text the group chat 💦🧽 pic.twitter.com/ImLkfYcUWX

— $SPONGE (@spongeoneth) September 1, 2025

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