Price: 0.02989 | EMA7: 0.03 | EMA25: 0.03 | RSI14: 37.49 | Resistance: 0.03384 | Support: 0.02975 | Average Volume: 2239471.02 | Volume Trend: Decreasing
SOPHUSDT shows signs of potential downward movement.
**Advice:**
* **Entry Long:** Wait for price to break above resistance at 0.03384 with increasing volume.
* **Entry Short:** Consider shorting around current price (0.02989) with a stop-loss above recent high and a target near support at 0.02975.
* **Spot Buy Price:** Avoid buying at current price. Wait for a clear bullish reversal signal.
**Rationale:**
* Price is below both the EMA7 and EMA25.
* RSI is below 50, indicating bearish momentum.
* Volume is decreasing, suggesting weakening buying interest.
**Disclaimer:** This is a technical analysis and not financial advice. Always conduct your own research and consider your risk tolerance before making any trading decisions.