$SOPH exploded from the 0.011 zone with aggressive volume and printed a sharp impulse move. After the spike price is now cooling off and holding above the 0.016 area which shows buyers are still in control. This looks like digestion not distribution.
Candles are tightening after the vertical push and selling pressure is fading. As long as SOPH holds this base the structure supports another continuation move.
Buy Zone
0.0170 – 0.0160
Upside Levels
0.0189
0.0215
0.0243
Invalidation
Below 0.0150
Holding above support keeps momentum constructive and opens the door for another expansion leg once consolidation completes.
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SOPH
0.01768
+44.91%