🧬 $SOPH /USDT Technical Analysis (4H Chart)

💰 Current Price: $0.05292 (+3.24%)
📊 Moving Averages:

MA(7): $0.05075

MA(25): $0.05211

✅ Price just crossed back above MA(25) and is holding above MA(7) — early bullish momentum showing.

📈 Momentum Shift After Correction

After the initial hype spike near $0.095, SOPH saw a textbook bleedout followed by a rounding bottom formation.

Recent candles are printing higher lows and higher highs, with structure tightening just beneath resistance.

🧠 Technical Notes:

If SOPH holds above $0.053, this could trigger a move toward the $0.056–$0.060 zone.

Current movement may be part of a cup & handle or W-bottom formation developing.

Volume increase is crucial now — otherwise, we risk chop near resistance.

🧱 Key Levels:

Support: $0.05050 → $0.04800

Resistance: $0.05380 → $0.05620 → $0.05990

🎯 Trade Idea:

Breakout entry above $0.0538 with target $0.056–$0.060

Tight stop: under $0.0505 (recent higher low)

Structure is promising, but needs follow-through confirmation — don't fade it too early.

⚠️ DYOR – Do Your Own Research.

This is not financial advice. Markets can be volatile — always trade responsibly!