$SOPH on the Edge of Breakout – Will Bulls Take Control?
$SOPH is trading at $0.03237, showing clear signs of compression below immediate resistance. After bouncing from the $0.03200 support zone, price action is tightening—setting the stage for a potential breakout.
Key Price Levels to Watch
• Resistance: $0.03240 — Break and hold above could trigger a trend shift
• Support: $0.03200 — A breakdown here may invite more sellers
Potential Trade Setups
Bullish Bias – Confirmation above $0.03240:
• Target 1: $0.03260
• Target 2: $0.03300
• Target 3: $0.03350
Bearish Scenario – Failure below $0.03200:
• Target 1: $0.03180
• Target 2: $0.03150
SOPH is in a classic breakout structure—tight range, rising volume, and strong bids. The reaction around $0.03240 will likely determine the next directional wave. Early breakout traders are watching closely.