š $SOPH /USDT - 1H Chart Analysis
šļø Date: June 2, 2025
š° Current Price: $0.0591 (+13.72%)
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š Key Levels
Resistance Zones:
šŗ $0.0620 ā Immediate resistance
šŗ $0.0673 ā Higher breakout target
Support Zones:
š» $0.0565 ā Near-term support
š» $0.0513 ā MA(25) dynamic support
š» $0.0472 ā Key swing low
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š Technical Indicators
MA(7): Bullish crossover above MA(25) ā momentum shift confirmed
MA(25): Acting as short-term support
MA(99): Price broke above and retested ā potential trend reversal signal
Volume: Spike during breakout ā strong buyer interest
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š§ Market Sentiment
Short-Term Trend: Bullish momentum picking up after long accumulation
Buyers showed strength with volume surge and a clean breakout
Sellers are fading below the $0.0565 level
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š§ Trade Set-Up Idea
š Long Entry:
On retest of $0.0565 support (confluence with MA)
š Targets:
TP1: $0.0620
TP2: $0.0673
š Stop-Loss:
Below $0.0513 (below MA(25) and previous support)
ā Avoid chasing above $0.062 unless a clear breakout + volume confirmation
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š Final Thoughts
SOPH is showing early signs of a trend reversal. A healthy pullback would offer an ideal entry before continuation. Watch the volume and price behavior near the $0.0565-$0.0570 area for confirmation.
