$SOON Token Holds at $0.16, Signs of Rebound from Support Starting to Appear

SOON Token (Solana Optimistic Network) is trading in the range of $0.1606, recording an increase of about +1.4% in the last 24 hours. After experiencing a drastic decline from the ATH level of $0.63, the price is now showing consolidation in a strong support zone.

๐Ÿ“Š Latest Market Data:

Price: $0.1606

Market Cap: ~$30 million

24 Hour Volume: ~$17โ€“19 million

Circulating Supply: ยฑ186 million

Main Chain: Solana + Optimistic Rollup (SVM-based)

๐Ÿ” Technical Analysis (Timeframe 1H / 1 hour)

The price has bounced from support around $0.15, forming a mini W rebound pattern that signals the initial recovery. If buying pressure continues, there is potential for an increase towards:

Short-term target: $0.18

Continuation target: $0.22+

However, if it fails to hold above $0.148:

Critical support: $0.14 โ€“ $0.135

Short-term MA indicators show that the price is starting to move up, but volume still needs additional confirmation.

๐Ÿง  Conclusion:

SOON is at a critical point. If the current support is successfully maintained, the chances for a short-term bounce are very open. This project is supported by SVM Layer-2 technology with fair-launch distribution without VC, making it attractive for investors who believe in long-term adoption, DYOR