$SOPH /USDT

๐Ÿ“Š SOPH/USDT Snapshot

Current Price: $0.05091 (-4.70%)

24h High: $0.05395

24h Low: $0.04984

Volume (24h):

SOPH: 212.97M

USDT: $11.05M

Category: Layer 1 / Layer 2

๐Ÿ” Key Technical Zones

๐Ÿ”บ Resistance

$0.05185 โ€“ $0.05395 โ†’ Immediate resistance zone

$0.05500 โ†’ Breakout zone above recent high

๐Ÿ”ป Support

$0.04984 โ€“ $0.04973 โ†’ 24h low zone (strong demand tested)

$0.04800 (est.) โ†’ Next strong support if breakdown continues

๐Ÿง  Market Context

Trend: Short-term pullback

Bias: Slightly bearish unless $0.05150 is reclaimed

Volume Profile: Fairly healthy, suggesting interest around current price

๐Ÿงญ Trade Setups

1. Range Bounce Setup

Entry: $0.04990 โ€“ $0.05020 (near 24h low)

Target: $0.05150 โ†’ $0.05350

Stop-Loss: Below $0.04940

Trigger: Rejection wick or bullish engulfing on 15mโ€“1h chart

2. Momentum Breakout

Entry: On breakout and close above $0.05395

Target: $0.05580 โ†’ $0.05700

Stop-Loss: Below $0.05180

Trigger: 1h candle close with increased volume

3. Breakdown Short (High Risk)

Entry: Below $0.04970

Target: $0.04820 โ†’ $0.04650

Stop-Loss: Above $0.05030

Trigger: High-volume breakdown with no bounce attempt

๐Ÿ“˜ Setup Summary

Setup TypeEntry RangeTargetsStop-LossLong (Bounce)$0.04990 โ€“ $0.05020$0.05150 โ†’ $0.05350< $0.04940Long (Breakout)> $0.05395$0.05580 โ†’ $0.05700< $0.05180Short (Breakdown)< $0.04970$0.04820 โ†’ $0.04650> $0.05030

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