$SOPH /USDT is currently trading around 0.01335, showing a +0.60% change over the last 24 hours. After a strong push into the 0.01394 high, price faced a sharp rejection and moved into a corrective phase, recently sweeping liquidity near 0.01323 before stabilizing.
On the 1H timeframe, the structure shows a pullback followed by early consolidation near support. Selling pressure has slowed, and small bullish candles are appearing, suggesting a potential base if buyers continue to defend this zone.
Trade Setup
Entry Zone: 0.01325 – 0.01340
Target 1: 0.01365
Target 2: 0.01395
Target 3: 0.01430
Stop Loss: 0.01305
Technical View
Strong rejection from 0.01394, confirming supply overhead
Liquidity sweep and reaction near 0.01323 support
Price consolidating below previous breakout level
A reclaim and hold above 0.01365 would be the first signal of bullish continuation
If $SOPH reclaims resistance with sustained volume, a move back toward the highs becomes likely. Failure to hold the support zone would keep price range-bound or expose lower levels.
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