$SOPH / USDT – Volatility Spike After Breakout! Watch This Key Zone 🚨📉📈
$SOPH just witnessed a high-volatility move on the 4H chart, reaching a 24H high of $0.04700 before pulling back to the current price of $0.04050 (+0.72%). The sharp rally followed by a quick rejection indicates potential profit-taking after a breakout attempt.
📊 Key Highlights:
24H Range: $0.03959 – $0.04700
Current 4H candle showing indecision near support.
Volume remains elevated (444.64M SOPH), suggesting active participation.
🔍 What to Watch:
If SOPH holds the $0.0400 support, a retest of $0.043–$0.045 resistance is possible.
A drop below $0.0395 could lead to a retest of recent lows around $0.0375.
Momentum traders should wait for confirmation before entering new positions.
📌 Caution is advised — the price action shows choppiness after the spike, so managing risk is crucial here.
