$SOON
— Base Formation After Deep Sell-Off
$SOON is attempting to stabilize after a prolonged downtrend from the $1.39 high. Price found a strong reaction low at $0.296 and has since reclaimed the $0.40 zone, currently trading at $0.4023 (+1.11%).
Market structure shows selling pressure weakening, with price compressing into a tight range — a classic early basing behavior. While trend is still technically bearish on higher timeframes, momentum loss on the downside hints at a potential recovery phase if buyers defend current levels.
Key Details
Market Cap: $118.98M
Liquidity: $152K
Trend: Long-term bearish, short-term stabilization
Reaction Low: $0.296
Current Base Zone: $0.38 – $0.42
Levels to Watch
Support: $0.38 → $0.35
Resistance: $0.44 → $0.48
Break above $0.48 could confirm trend reversal momentum
This is not a breakout yet — it’s a patience setup. If the base holds and volume expands, $SOON could transition from recovery to reversal. Risk management is key at this stage.