$SOPH /USDT
๐งพ SOPH/USDT โ Market Snapshot
Current Price: $0.06086 (+0.83%)
24h High / Low: $0.07498 / $0.05853
Volume:
SOPH: 1.26B
USDT: $85.06M
Category: Layer 1 / New Token
Exchange: Binance (assumed)
๐ Technical Breakdown
โ Momentum & Trend
SOPH has pulled back significantly from the $0.075 high but is holding above key support.
SAR: $0.07310 โ far above current price, bearish trend signal in short term.
MA(5) < MA(10):
MA(5): 34.65M
MA(10): 39.11M
โ Indicates cooling momentum after prior rally.
๐ Key Levels
Support:
$0.05853 โ 24h low & local support
$0.05392 โ major pullback zone
$0.04961 โ deeper demand area
Resistance:
$0.06509 โ intraday resistance
$0.07067 โ mid-range resistance
$0.07498 โ 24h high
$0.07625 โ order book resistance
๐ก Trade Setups
1. Bounce from Support
Entry: $0.0585 โ $0.0600 zone
Target: $0.0650 โ $0.0700
Stop: $0.0535
Good setup for a short-term rebound if price holds the $0.0585 low.
2. Breakout Play (Aggressive)
Entry: On 15mโ1h close above $0.06510
Target: $0.0706 โ $0.0749
Stop: $0.0600
A reclaim of $0.065 may flip short-term trend back to bullish.
๐ง Summary
SOPH/USDT is in a pullback phase after a strong run-up, now resting just above support. SAR indicates caution, but volume and bounce potential make this a candidate for a rebound or breakout if price reclaims $0.065.
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