$SOPH is trading around $0.0576 on the 1-hour chart and is in a clear downtrend. Both short-term and longer-term moving averages sit above the current price, and the ADX (around 54) shows sellers are firmly in control. The RSI is near 19, so it’s oversold, but that alone doesn’t guarantee a bounce.
Key Levels to Watch
- Support – $0.0573: If SOPH breaks below this, expect it to drop toward $0.0562.
- Resistance – $0.0580: If it holds $0.0573 and finds buying interest, a small rally up to $0.0580 (and possibly $0.0585) could follow.
Bottom Line: Watch $0.0573 closely. A decisive break below it suggests more downside; if it holds, look for a short-term bounce.
