This morning I opened the chart and saw BTC still hadn’t reclaimed the 70,000 level—it’s hovering around 68,300, down 4% in 24h, with the 1H RSI at 31.6, near oversold territory, and price below both the EMA20 and EMA50. Yesterday BTC swept the low at 67,568 and bounced back, but this morning it returned to test that area. U.S. PPI at 6.5%, its highest since 2022, is still weighing on market sentiment.
While the market is bleeding, I’ve been watching $SOPH —up 33.6% in 24h, with volume of around 9.1 million USDT, and the latest 1H candle’s volume 2.4 times the average. At 0.00174, the price is above the EMA20 (0.001696) and EMA50 (0.001539), while the RSI at 58.8 isn’t overbought yet. But keep in mind that SOPH already hit a high of 0.00216 before cooling off by nearly 20% to this level—a move that looks more like a pump followed by a partial sell-off than a steady climb.
I’m watching two levels for SOPH: resistance at 0.00216 and support at 0.00130. If it breaks above 0.00216 with volume holding up, that changes the picture; if it loses 0.00130, this wave is basically over. BTC is still the biggest wildcard—SOPH is unlikely to keep moving against it for long if BTC breaks below 67,568.
Data analysis, not investment advice.
#SOPH #BTC #Crypto
While the market is bleeding, I’ve been watching $SOPH —up 33.6% in 24h, with volume of around 9.1 million USDT, and the latest 1H candle’s volume 2.4 times the average. At 0.00174, the price is above the EMA20 (0.001696) and EMA50 (0.001539), while the RSI at 58.8 isn’t overbought yet. But keep in mind that SOPH already hit a high of 0.00216 before cooling off by nearly 20% to this level—a move that looks more like a pump followed by a partial sell-off than a steady climb.
I’m watching two levels for SOPH: resistance at 0.00216 and support at 0.00130. If it breaks above 0.00216 with volume holding up, that changes the picture; if it loses 0.00130, this wave is basically over. BTC is still the biggest wildcard—SOPH is unlikely to keep moving against it for long if BTC breaks below 67,568.
Data analysis, not investment advice.
#SOPH #BTC #Crypto
