$SOON
currently flashing several high-conviction signals on the charts, suggesting that the long-term downtrend might finally be shifting.
Bullish Structure Shift (CHoCH) ⚡
On the 4-hour timeframe, $SOON has successfully printed a Change of Character (CHoCH). T
his is a critical technical signal indicating that the previous bearish dominance is fading, and buyers are stepping in to create a new market structure. The price has aggressively pushed above the 200 EMA (orange line), which often acts as a dividing line between bear and bull territory.
Momentum and Volume Surge 📊
We are seeing a massive spike in trading volume, with the latest 4-hour candle showing over 13.17M in volume. This surge confirms that the current price increase is supported by strong buying interest rather than just low-liquidity volatility. Furthermore, the 4-hour RSI is sitting at 66.38, showing strong upward momentum while still remaining below the extreme "overbought" zone (70+), which leaves room for further growth.
Daily Resistance and Targets 🏔
Looking at the daily chart, $SOON is finally emerging from a deep consolidation base.
The immediate resistance to watch is around the $0.48 level (blue line).
If the bulls can flip this level into support, the next major targets are much higher near the daily EMAs around $0.67 and $0.69. On the flip side, the recent breakout zone near $0.36 should now serve as a solid floor for any healthy pullbacks.
