🚀 𝙎𝙊𝙋𝙃/𝙐𝙎𝘿𝙏 𝙤𝙣 𝙁𝙞𝙧𝙚 — +33% 𝙋𝙪𝙢𝙥! 𝙉𝙚𝙭𝙩 𝙈𝙤𝙫𝙚 𝙇𝙤𝙖𝙙𝙞𝙣𝙜?
$SOPH just delivered a monster candle, jumping +33.84% in the last 24h to $0.0683 🔥
It wicked as high as $0.07498 before cooling off — all while trading 1.35B SOPH in volume 👀
This kind of volatility is rare and usually hints at either a trend reversal or the start of a massive leg up. Let’s break it down 👇
📈 Market Structure:
Strong bullish engulfing candle on the daily timeframe 🟢
Broke out from previous range near $0.050–0.060 with a huge green impulse
Volume is surging, indicating real momentum — not just a flash pump
Price currently consolidating under key resistance (~$0.070–0.075)
🎯 Trade Signals:
Bullish Bias above $0.07000 — breakout confirmation.
🟢 Entry: $0.07000
🎯 Target 1: $0.08000
🎯 Target 2: $0.08800
🛑 SL: $0.06200
Bearish Rejection below $0.06400 — could retrace.
🔴 Entry: $0.06300
🎯 Target 1: $0.05600
🎯 Target 2: $0.05000
🛑 SL: $0.07000
🧠 Narrative Angle:
SOPH is a Layer 1 protocol and just hit Binance — early trading often comes with high volatility. If this is the first impulse move, we could be seeing the beginning of a short-term price discovery phase.
💬 Caution:
Wick at $0.07498 suggests profit-taking already started. Don’t chase — wait for a clean retest or breakout confirmation.
🚨 This is one to watch closely — early entries here can make big gains if the rally continues.