$SOPH Approaching Decision Zone – Breakout or Rejection?
$SOPH is trading at $0.03341, showing signs of recovery after testing lower supports. Price is currently hovering near the resistance zone with bulls eyeing a potential breakout.
Key Levels to Watch:
• Resistance Zone: $0.03345 – $0.03360
• Support Zone: $0.03320 – $0.03300
Bullish Scenario:
A clean breakout above $0.03360 may trigger upside targets:
• Target 1: $0.03385
• Target 2: $0.03410
Bearish Scenario:
If rejected and support fails, downside levels to watch are:
• Target 1: $0.03310
• Target 2: $0.03285
Market Outlook:
Momentum is shifting upward, but $SOPH must flip resistance into support to sustain gains. Watch volume confirmation for entry cues.