$SOPH /USDT TP Smashed 🎯🔥 Massive Progress Ahead .!🚀💯

Current Price: $0.07340

24h High / Low: $0.07359 / $0.04961

24h Volume: 1.21B SOPH / $73.77M USDT

Category: Layer 1 / Gainer

Analysis:

SOPH has surged over 43% in 24h, breaking into price discovery territory near its 24h high of $0.07359. The sharp upward move, paired with high volume, suggests strong momentum likely driven by speculative interest or news. However, price is nearing overbought short-term levels.

Trade Setup:

Entry (Only if pulling back):

$0.070–$0.071 (potential retest zone)

Avoid fresh entry above $0.0736 without a confirmed breakout and high volume.

Targets:

T1: $0.0785 — minor extension based on current trend

T2: $0.0840 — psychological and projected resistance

T3: $0.0920 — Fibonacci-based target if breakout sustains

Stop Loss:

$0.0675 — below breakout and short-term higher low

More conservative SL: $0.0640 (below mid-range structure)

Key Levels:

Support: $0.0700 / $0.0675 / $0.0640

Resistance: $0.0736 (local high), then $0.0785 and $0.0840

Strategy Notes:

RSI (if monitored) likely overbought — be cautious of rapid corrections.

Watch volume — declining volume with rising price may signal exhaustion.

Best opportunities may come from a healthy retracement and retest around $0.070–0.071.

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