SOPH latest technical analysis breakdown is here.

As of now, the price is reported at 0.013453, down 2.53%. On the chart, this recent decline has lasted for 75 K-lines, and the bearish trend is still ongoing, but the overall pattern is becoming increasingly fragile.

From a positional perspective, the price is now just above the downtrend line, forming a subtle balance — the dynamic tracking line is around 0.013441, which can serve as a reference stop-loss point. There are three support levels: the first at 0.013397, then lower at 0.013224 and 0.013125. On the upside, the nearest resistance is at 0.014786.

The core logic here is: if the price continues to struggle to stabilize, then further downward breakdown remains a relatively good shorting opportunity. However, caution is advised: once volume breaks through 0.014060 (which is the horizontal platform before the trend started), be alert for a reversal, indicating that bullish momentum is building.

It’s important to note that the current distance between the price and the trend line is extremely narrow, less than one ATR. Such a critical point is often the eve of a trend reversal, and volatility could suddenly spike. Trading should still be cautious of risks.