$SOON
is showing early signs of a potential trend shift after a prolonged downtrend. Price is currently trading around 0.1709 with a strong daily bounce of +10.80%, recovering from the recent low near 0.1399. This bounce suggests buyers are stepping in aggressively at demand levels.
On the daily chart, price is stabilizing above short-term support while attempting to reclaim the MA(7). Volume has picked up compared to recent sessions, hinting at growing interest after capitulation selling. However, price is still below the MA(25), which remains the key resistance zone around the 0.23–0.25 range.
Market structure indicates a possible base formation. If SOON holds above 0.165–0.170 and breaks above 0.185 with volume, a continuation move toward 0.22–0.25 can follow. Failure to hold current levels may lead to a retest of 0.15 support.
High risk, high reward setup. Momentum is waking up — confirmation is everything.