$SOPH showing signs of recovery after bouncing from the $0.04736 floor
š Now at $0.05148 ā up +4.95%, but still below the recent $0.07498 spike
š„ 24h Vol: 174.38M SOPH | Eyes on reclaiming $0.05813 resistance
Technical Analysis:
Support established at $0.04736, with recent low at $0.04808
Resistance at $0.05166 (24h high), next key at $0.05813 and $0.06421
Volume remains elevated, signaling renewed interest after the recent dip
Pattern: Sharp drop followed by consolidation and modest recovery
Previous high at $0.07498 marks a major level to watch for trend reversal
Targets:
šÆ Short-term: $0.05813 (+12.9% upside)
šÆ Medium-term: $0.06421 (+24.8% upside)
šÆ Stop-loss: Below $0.04800 (-6.8%)
Risk Assessment:
Volatility remains high after recent sharp moves
Market structure suggests a potential recovery, but confirmation needed above $0.05166
Sentiment cautious; watch for volume and price to hold above $0.05150 for further upside
DYOR (Do Your Own Research)
Breakout imminent or more chop ahead? DYOR
