The chart shows interesting dynamics; let's analyze the key signals:
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📈 Trend overview:
SOPH recently tested the support level at $0.04736, after which it began a gradual recovery.
The price is currently approaching an important resistance zone — the area of EMA(25) and EMA(99) ($0.0504–0.0523). A break of this zone may indicate a trend change.
📉 Indicators:
RSI (6): 49.84 — uncertainty zone, but closer to the bullish side.
MACD: The DIF and DEA lines are beginning to diverge positively. An upward impulse is possible.
Volumes: The volumes are moderate but gradually increasing — a signal of position accumulation.
📌 Levels:
Support: $0.047
Resistance: $0.052–0.053
Target in case of a breakout: $0.058–0.060
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📍 Conclusion:
The SOPH coin shows signs of recovery after a long decline. A base is currently forming, and with an increase in volumes and a break above $0.052, a rapid rise to $0.058 and above is possible.
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