and quick analysis for $SOPH /USDT:

🧾 Summary

Current Price: $0.05672 (▼-17.51% in 24h)

24h High / Low: $0.06929 / $0.05561

Volume (24h):

SOPH: 754.23M

USDT: 45.52M

Moving Average (60): $0.05689

Latest Volumes:

MA(5): 145,687

MA(10): 190,898

Current Volume: 149,258

📊 Technical Outlook

IndicatorValueSignalPrice < MA(60)$0.05672 vs $0.05689Slightly bearishTrend-17.51% daily dropStrong downward pressureSupport$0.05561 (24h Low)Needs to hold here to avoid deeper fallResistance$0.06929 (24h High)Key breakout pointVolumeHigher than MA(5)Some capitulation or buy-the-dip activity

⚠️ Key Considerations

The steep decline today suggests possible panic selling or negative news.

Holding above the $0.055 - $0.056 range is critical for stability.

A bounce with strong volume could lead to a relief rally; otherwise, further downside is likely.

Would you like a short-term trading strategy, a long-term investment outlook, or a technical chart with indicators for SOPH?

#SOPH #SOPHToTheMoon #CircleIPO #EDGENLiveOnAlpha #Write2Earn