$SOPH

Dear Binance Friends . Here’s an update on Sophon (SOPH) as of June 17, 2025:

🚀 Sophon (SOPH) Market Snapshot

Current Price: ~$0.04208

24 h Change: –4.4% | Range: $0.04024 – $0.04415

SOPH is sharply correcting (~–6% today, –22% past week), but this may present a strategic accumulation opportunity .

🔥 What’s Driving SOPH Now?

🧱 Tokenomics & Early Cycle Sell-off

Fixed supply: 10B max, 2B circulating. Addresses early drop after launch airdrop with ~30% dump pressure .

High single-day volume: $70M–$150M shows active trading despite volatility .

🐳 Whale & On‑Chain Behavior

Post-ATH (~$0.08 on May 28), whales rotated but accumulation may now be building around current dip – watch for large transfers and wallet inflows .

MACD on weekly is bearish, but daily shows potential for stabilization — bearish phase may be ending soon .

📈 Technical Analysis & Trade Strategy

Level Zone Notes

Support $0.040–$0.041 Tested twice; strong base for dip entries

Resistance $0.048–$0.050 Congestion area below ATH; next hurdle

Breakout Zone ≥ $0.055 Crossing this signals renewed buyer strength, target ATH

Chart Pattern: Stabilizing near support; look for bullish divergence on RSI/MACD for rebound confirmation .

Indicators: Fear & Greed index near 68 (“greed”), sentiment mostly bearish — smart-money phase likely ending .

🎯 Trader Playbook

✅ Entry Strategy

Dip entry: $0.040–$0.041 (with tight stop just under $0.039)

Rebound entry: Watch for bounce above $0.044–$0.045

📈 Targets

1. **$0.048–$0.050** – near-term recovery

2. **$0.055–$0.060** – swing zone, retest of ATH

3. Stretch: $0.079–$0.088 – ATH from May 28, 2025

🛑 Risk Management

Stop-loss: <$0.039 to avoid further breakdown

Watch volume: Recovery with volume confirms --> weak bounce may fail

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