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SOPH is moving exactly as expected after breaking out of the long-term descending channel.
The breakout is now showing strong momentum, with price pushing higher and reclaiming the key resistance area around $0.0049.
As long as SOPH holds above the breakout level, I remain bullish. The next upside targets are around:
$0.0058 → $0.0060 → $0.0070+ 🎯
The structure has completely changed after months of trading inside the descending channel. Now we want to see the previous resistance turn into support.
For now, SOPH looks bullish and the breakout is playing out nicely. 🚀
#GateEventContractTradeSharingChallenge
$SOPH