$SOPH /USDT - Short-Term Outlook: Cautious Consolidation
Sophon (SOPH) is currently trading at $0.04452, experiencing a +0.23% change from the previous close. The intraday high reached $0.04540, while the low was $0.03602.
Current Overview:
•Support: $0.040
•Resistance: $0.050
•Volume: Moderate, indicating balanced market activity
Short-Term Trade Setup:
•Entry Zone: $0.043 - $0.044
•Target 1: $0.047
•Target 2: $0.050
•Stop Loss: Below $0.040
Market Sentiment: Technical indicators suggest a neutral to slightly bullish sentiment. The Fear & Greed Index stands at 72, indicating a "Greed" phase, which may lead to increased volatility. Investors should exercise caution and monitor market movements closely.
