$SOPH 🔹 Current Price: $0.07349
🔹 Change Percentage: 147%
⬆️ (Notable Increase)
📊 Chart Summary (Candlestick):
Strong fluctuations in the recent candles.
Clear selling pressure (consecutive red candles)
Followed by timid attempts at a rebound (small green candles)
📈 Key Technical Indicators:
RSI:
▫️ Around 49.25 👉 Neutral Zone (neither overbought nor oversold)
MACD:
▫️ The main line is below the signal line
▫️ Red bars indicate weak upward momentum and the continuation of the downward trend
Stochastic:
▫️ Close to the oversold area
▫️ May indicate a near rebound opportunity
🧱 Support and Resistance:
🔸 Support: 0.07134 – recently bounced off this price
🔸 Resistance: 0.08329 – a strong barrier against the price currently
📌 Conclusion:
🔻 The short-term general trend is downward
🟡 There are signs of a rebound at the support, but the momentum is weak
⚠️ Cautious monitoring is essential
✅ We await confirmation of breaking the resistance or breaking the support before making a decision
