$SOPH Quick Bounce, But Resistance Still Holding the Line

SOPH has shown a sharp rebound from the $0.03425 area, climbing back toward the $0.03475 resistance. Despite decent volume on the recovery, price is struggling to break above the supply zone — leaving bulls in a tricky spot unless momentum strengthens.

Key Levels to Watch:

Resistance Zone:

• $0.03475 – Immediate resistance

• $0.03520 – Short-term breakout point

Support Zone:

• $0.03425 – Recent bounce base

• $0.03395 – Strong structural support

Trade Setup – Momentum Needs Validation

Bullish Entry: Close above $0.03475 with strong volume

Target 1: $0.03520

Target 2: $0.03580

Bearish Entry: Rejection from $0.03475 and drop below $0.03425

Target 1: $0.03395

Target 2: $0.03350

Momentum is visible, but bulls must hold above $0.03450 and break $0.03475 to confirm the next leg. Stay alert for false breakouts.

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