🌩️ $SOPH /USDT – May 29, 2025

🏷️ Category: Layer 1

💰 Price & Info

Current Price: $0.06145 (🔻 -17.17%)

24H High: $0.08250

24H Low: $0.05935

Volume: 2.05B SOPH | $139.27M USDT

📈 SOPH Price Analysis & Key Levels

🔹 Resistance: $0.06780 / $0.07500

🔹 Support: $0.05900 / $0.05250

📊 Crypto Market Insights

🔸 Fibonacci Retracement (Low $0.05935 – High $0.08250):

• 38.2% – $0.07140

• 61.8% – $0.07030

• Pivot – $0.06590

🔸 ATR (14D): ±$0.0069

📉 Volatility Range: $0.0546 – $0.0683

🚀 Bullish Scenario

✅ Reclaiming $0.06780 may signal recovery toward $0.07500

✅ Bullish divergence forming on intraday chart — early reversal sign

⚠️ Bearish Scenario

❌ Break below $0.05900 could accelerate drop to $0.05250

❌ Sustained weakness below VWAP and MA levels confirms bearish continuation

📌 Trading Strategy – Bearish Bias

🛍️ Spot Trading

Buy Zone: $0.05750 – $0.06000 (only for risk-tolerant entries)

Targets: $0.06780 / $0.07500

Stop-Loss: $0.05150

📉 Futures Trading

Short Setup: Entry $0.06300 – $0.06500

Targets: $0.05900 / $0.05250

Stop-Loss: $0.06780

Long Setup (Bounce Play): Entry $0.05900

Targets: $0.06500 / $0.06750

Stop-Loss: $0.05680

🛡️ Risk Management & Alerts

The $0.059 level is a key support — losing this level may cause panic selling. Tighten stop-losses for all high-leverage trades.

💡 Unique Insight – VWAP

VWAP: $0.06840 → SOPH is trading far below VWAP, indicating sustained bearish pressure. Recovery likely only above $0.065+.

📌 Summary

SOPH is in a steep corrective phase. Short-term recovery is possible, but only if buyers reclaim control near $0.065–$0.068.

❓Closing Question: Is this dip a temporary shakeout before recovery or the start of a deeper downtrend for SOPH?

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