$SOPH Approaching Breakout Point – Will It Crack Resistance?
SOPH/USDT is slowly grinding upward, now testing the upper resistance near $0.03110. The 15-minute chart shows a tight consolidation breakout attempt, with bulls building higher lows. If the price clears this ceiling, momentum could accelerate fast.
Key Price Levels
Resistance Zone:
• $0.03110 – $0.03120
A confirmed breakout above this zone could open the gates toward $0.03180 and $0.03230.
Support Zone:
• $0.03085
Holding this base is crucial—losing it may lead to downside pressure toward $0.03050 and $0.03010.
Trade Plan
Bullish Setup:
Buy on breakout above $0.03120
• Target 1: $0.03180
• Target 2: $0.03230
• Stop-loss: Below $0.03085
Bearish Setup:
Sell on breakdown below $0.03085
• Target 1: $0.03050
• Target 2: $0.03010
• Stop-loss: Above $0.03110
Volume is still thin, but price structure hints at a potential squeeze play. Next few candles could set the tone—watch closely for a clean break or rejection.