Today's SOON Coin Market: Fluctuations Intertwined with Technical Analysis and Market Sentiment
The 24-hour price range for SOON Coin is Eth 0.00018368 to 0.00024979 (approximately ¥3.42 to ¥4.58), with the current price around 0.00018726.
From the distribution across exchanges, SOON Coin is primarily traded on platforms like Zhi Ma Kai Men, MEXC, and LBank, indicating that the liquidity of SOON Coin is still concentrated on a few leading platforms, with limited market depth and susceptibility to large investor funding.
Recently, the 4-hour K-line shows that the price of SOON Coin exhibits a bearish engulfing pattern, with the last K-line being a bearish candle, closing lower than the opening price, indicating an increase in short-term selling pressure.
The histogram continues to be positive but is gradually shortening, indicating weakening bullish momentum, and the market is entering a consolidation range.
KDJ Indicator: A death cross signal has appeared, with the K value in the overbought zone, intensifying the risk of a pullback.
Support and Resistance Levels: Support level: Eth 0.000161, which is a key support level recently;
The resistance is located near Eth 0.00024979, and breaking through this resistance in the short term requires significant positive catalysts.
The SOON mainnet achieves high performance through the decoupling of the SVM architecture, but attention must be paid to its cross-chain interoperability and the stability of the data availability layer.
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