$SOPH Attempts Short-Term Reversal – Can Bulls Build on This Push?
Current Price: $0.03156
SOPH has been sliding for days, down over 36% this month. But now, buyers are finally showing some fight. After tagging a 24h low at $0.03127, price bounced with a strong volume candle, suggesting a potential relief move—but resistance lies just ahead.
Key Resistance Levels:
• $0.03185
• $0.03230
SOPH needs a clear breakout above these levels to confirm any short-term trend reversal.
Support Zone:
• $0.03130 – $0.03110
This range is critical. If bulls lose it, the downtrend will likely resume with lower lows ahead.
Bullish Setup:
If price holds above $0.03185 and breaks $0.03230:
• Target 1: $0.03270
• Target 2: $0.03350
Bearish Setup:
Failure to hold $0.03130 could drive the next wave down:
• Target 1: $0.03060
• Target 2: $0.02980
Volume Insight:
The volume spike on the bounce is encouraging, but follow-through is still lacking. SOPH needs another strong candle above resistance to confirm the breakout.
SOPH is at a decision point. Bulls have a chance to reclaim control, but only if they can break above resistance with momentum. Otherwise, this bounce could fade fast—stay cautious