SOPHUSDT is currently displaying a bullish reversal structure on the daily chart, forming a classic staircase pattern with higher highs and higher lows. After a prolonged downtrend, the asset appears to have found a strong accumulation base, and recent price action is now showing momentum building toward a breakout move. The chart suggests a 50%+ potential upside move from the current levels, targeting the major resistance zone around $0.07–$0.075, which is a previously tested supply zone.
Volume confirmation is key here—the recent increase in volume alongside green bullish candles indicates growing investor interest and possible early accumulation from smart money. This is typically a strong signal for upcoming continuation in price movement. With solid support now established below and momentum pushing upward, traders may find a favorable reward-to-risk setup here.
This move is further supported by positive sentiment building across the crypto space for SOPH, with many traders beginning to take notice. The expected gain zone reflects realistic mid-term targets and aligns with previous resistance levels. A clean breakout and retest above $0.045 would further confirm bullish dominance and open doors for rapid price appreciation in the coming weeks.
The overall setup on SOPHUSDT is technically sound, with good volume, bullish structure, and an appealing price action flow. For traders scanning the market for high-potential altcoins, this could be one to watch closely.
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Volume confirmation is key here—the recent increase in volume alongside green bullish candles indicates growing investor interest and possible early accumulation from smart money. This is typically a strong signal for upcoming continuation in price movement. With solid support now established below and momentum pushing upward, traders may find a favorable reward-to-risk setup here.
This move is further supported by positive sentiment building across the crypto space for SOPH, with many traders beginning to take notice. The expected gain zone reflects realistic mid-term targets and aligns with previous resistance levels. A clean breakout and retest above $0.045 would further confirm bullish dominance and open doors for rapid price appreciation in the coming weeks.
The overall setup on SOPHUSDT is technically sound, with good volume, bullish structure, and an appealing price action flow. For traders scanning the market for high-potential altcoins, this could be one to watch closely.
✅ Show your support by hitting the like button and
✅ Leaving a comment below! (What is You opinion about this Coin)
Your feedback and engagement keep me inspired to share more insightful market analysis with you!
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🟢🟢🟢Join Our Telegram Here to Get Trades With Entry And Exit 🟢🟢🟢
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🟢🟢🟢
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.