$SOPH
Rebounds Sharply — Signs of Strong Recovery Ahead!
SOPH has shown impressive resilience in the past 24 hours, rebounding strongly from its recent low and regaining bullish momentum. Currently trading at $0.02522, the pair is up 7.64% with a 24-hour trading volume of 152.19 million SOPH, signaling renewed market interest and accumulation from short-term traders and investors.
📊 Market Overview:
After a steep decline that tested support near $0.01275, SOPH/USDT has staged a solid recovery, forming a strong bullish candle on the daily chart. The move above the mid-Bollinger band indicates a potential shift in momentum, as buyers step back in to defend lower levels and target a move toward the next resistance zone.
💡 Technical Outlook:
Current Price: $0.02522
24h Range: $0.02268 – $0.02544
Immediate Resistance: $0.0285
Next Resistance: $0.0330
Support Zone: $0.0220 – $0.0230
RSI: 47.9 — turning upward, showing renewed bullish pressure
Trade Setup:
Entry Zone: $0.0248 – $0.0253
Target 1: $0.0285
Target 2: $0.0330
Stop-Loss: Below $0.0220
Risk/Reward Ratio: 1:2.5
