SOPHUSDT Breaks 48-Hour Range — But Overbought Signs Warn of Divergence

Summary
• SOPHUSDT surged above 0.0103, breaking a 48-hour consolidation pattern with strong volume.
• RSI reached overbought levels, signaling potential short-term pullback risks.
• Bollinger Bands expanded as volatility spiked during the overnight session.
• A bullish engulfing pattern formed near 0.01024–0.01032, suggesting a possible continuation.
• Turnover surged to $105.68k at peak, confirming price breakouts.

Sophon/Tether (SOPHUSDT) opened at 0.00977 on 2026-02-06 12:00 ET, surged to a 24-hour high of 0.01051, and closed at 0.01004 on 2026-02-07 12:00 ET, with a low of 0.00975. Total volume reached 104,359,870.0, and turnover hit $105,681.62k.

Structure & Formations

The price broke out of a 48-hour consolidation range between 0.00975 and 0.01024, supported by a bullish engulfing pattern on the 5-minute chart near 0.01026. A strong resistance appears to form around 0.01051, while 0.00984 and 0.00975 are key support levels.

Moving Averages

On the 5-minute chart, the 20-period and 50-period moving averages crossed above the 0.0099 level, confirming a short-term bullish bias. The 50-period daily moving average is near 0.00995, suggesting a potential retest.

Momentum and Volatility

RSI spiked above 70, indicating overbought conditions and a possible near-term correction. Bollinger Bands expanded significantly during the overnight session, confirming the breakout. Volume and turnover surged during the rally, confirming price strength.

Volume and Turnover

Volume spiked to over 84 million at 03:45 ET during the breakout, with notional turnover peaking at $105.68k. The divergence between price and turnover in the late morning may signal a potential exhaustion phase.

Fibonacci Retracements

Fibonacci levels applied to the 0.00975–0.01051 swing show 61.8% retracement at 0.01024 and 78.6% at 0.01043. Price appears to find immediate resistance near the 0.01051 high, suggesting a possible pullback to 0.01024 or 0.01004.

Sophon/Tether may consolidate near 0.01004–0.01024 in the coming 24 hours as momentum wanes and overbought conditions persist. A break below 0.00995 could trigger a deeper pullback toward 0.00984. Investors should remain cautious as volatility remains high and divergence signs are emerging.