$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.