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:
đŻ 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.
đŻ 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.
đŻ 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 $SOVâs growth. Happy trading!