🧬 $SOPH /USDT Technical Analysis (4H Chart) 💰 Current Pr
koinmilyoner
Updated at: 7 hours ago
{"content":"🧬 $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!","images":["https://d2kdcqywr8ua22.cloudfront.net/uploadfile/article/blog/2025062025/06/08/6af45469e32f408a982fbb4d1b70d336.png"],"tags":[],"tradingPairs":["SOPH/USDT"],"quotearticleid":0}