$SOPH Bullish Setup Reloading or Breakdown Incoming? Eyes on $0.03800 Zone
SOPH/USDT is trading at $0.03822, showing a modest +1.54% gain after a volatile session that saw a sharp spike followed by a pullback. Price is now stabilizing just above the support at $0.03775, with traders awaiting a decisive move to confirm direction.
Key Levels to Watch
• Resistance Zone: $0.03920 – $0.04100
A breakout above this zone could restart the bullish momentum toward:
• Target 1: $0.04300
• Target 2: $0.04500
• Support Zone: $0.03775 – $0.03670
Breaking this support could trigger a deeper correction toward:
• Target 1: $0.03550
• Target 2: $0.03400
Volume Insight:
Volume surged during the recent spike, indicating strong buyer interest. Sustained momentum above $0.03920 will be key to validating a trend continuation.
Trade Setup
Bullish Entry
• Entry: Above $0.03920
• Target 1: $0.04300
• Target 2: $0.04500
• Stop Loss: Below $0.03770
Bearish Entry
• Entry: Below $0.03770
• Target 1: $0.03550
• Target 2: $0.03400
• Stop Loss: Above $0.03900
SOPH is sitting at a pressure point. Watch for breakout confirmation before entering, as price action near $0.03800 will likely dictate the next sharp move.