**Technical Analysis: $SOPH – Key Targets to Watch**
The SOPH/USDT pair is showing strong bullish momentum, currently trading at **$0.04681** (+6.80%). With increased volatility and rising volume, here are the key levels to monitor:
### **Key Targets** 🎯
1. **First Target (Resistance):** **$0.04689** (24h High) – A break above this level could confirm further upside.
2. **Second Target:** **$0.04880** – Strong resistance zone; if breached, expect extended gains.
3. **Third Target (Take-Profit):** **$0.05000** (Psychological level) – Potential profit-taking zone.
### **Support Levels**
- Immediate Support: **$0.04501**
- Strong Support: **$0.04364** (24h Low)
### **Indicator Insights**
- The price is trading above recent lows, indicating bullish sentiment.
- High 24h volume (60.47M SOPH) suggests strong interest.
**Trade Idea:** Consider long positions if SOPH holds above **$0.04501**, targeting **$0.04880** and beyond. Always manage risk with a stop-loss below **$0.04364**.
