Technical Analysis of $SOV on Binance

After successfully breaking through the critical resistance level of $0.40, $SOV has shown strong bullish momentum. Here are three key targets to watch:

🎯 Target 1: $0.60

This level serves as an immediate resistance point. If $SOV maintains its upward trajectory, breaking through this level could confirm the continuation of the bullish trend.

🎯 Target 2: $1.00

Once the $0.60 resistance is surpassed, the next significant target is $1.00. This psychological level often attracts traders, and if momentum continues, we could see a surge in buying pressure.

🎯 Target 3: $1.38

This target is based on previous price action and projected growth potential. If $SOV can overcome the challenges at the earlier targets, reaching $1.38 seems plausible, with minimal resistance expected along the way.

Keep an eye on market trends and developments in the DeFi space, especially with the influence of $MANA

, which could further accelerate $SOV’s growth. Happy trading!