Soph / UsdtSOPH / TetherUS PERPETUAL CONTRACTBINANCE:SOPHUSDT.PWolftrader1337SOPHUSDT.P ### **📊 Chart Overview – SOPHUSDT (1H):** * **Current Price:** \$0.03953 * **Recent Movement:** Price is attempting to break above a **descending trendline** after a heavy correction from the \$0.048–\$0.050 zone. * **Volume:** Gradual decline in volume recently, indicating consolidation or indecision. --- ### **🔍 Technical Breakdown:** 1. **Descending Triangle Pattern:** * Price has formed **lower highs** while respecting a flat support zone around **\$0.0388–\$0.0390**. * This creates a **descending triangle**, typically a bearish pattern unless broken to the upside. 2. **Breakout Watch:** * A confirmed breakout above the **red descending trendline** (\~\$0.0398–\$0.0400) with **strong volume** could trigger a move toward **\$0.0425–\$0.0450**. 3. **Support Zone:** * Strong support near **\$0.0388**. * Breakdown below this level could target **\$0.036–\$0.037 area**. --- ### **📌 Summary:** SOPH is **squeezing inside a descending triangle**, approaching a **critical decision point**. Watch for a **breakout above \$0.0400** or a **breakdown below \$0.0388** to confirm the next move. --- ⚠️ **Disclaimer:** *This is not financial advice. Always DYOR and use proper risk management.*