SOSO has broken above the descending trendline it had been trading under since February, a level that had capped every meaningful bounce for roughly six months. This SoSoValue Price Predictio
SOSO has broken above the descending trendline it had been trading under since February, a level that had capped every meaningful bounce for roughly six months.
This SoSoValue Price Prediction looks at whether this breakout can hold over the next one to two weeks, with the bullish case staying intact above $0.31734, while a close back below that level would put the move back in question.
Here is what the chart shows.
Market data checked on August 6, 2026, at 12:39 IST.
Metric
Value
Price
$0.35783
Market Cap
$122.446M
Outstanding Token Value
$334.478M
FDV
$358.028M
24h Volume
$5.593M
TVL
$138.026M
Total Supply
1B SOSO
Max Supply
1B SOSO
Circulating Supply
342.002M $SOSO
Outstanding Supply
933.85M $SOSO
Source: Data from CoinGecko as of August 6, 2026, at 12:39 IST. Figures may vary slightly across other tracking websites.
Pair: $SOSO/USD · Market: Spot (Crypto) · Timeframe: 1D · Source: TradingView · Timestamp: August 6, 2026, 12:39 UTC+5:30
$SOSO is trading at $0.35783, after breaking above the descending trendline that has capped every rally since the February highs near $0.55.
Price had spent June through early August consolidating in a range roughly between $0.28026 and $0.3173, and Thursday's candle pushed decisively through both the trendline and the top of that range on a visible pickup in volume.
RSI (Relative Strength Index, a momentum gauge on a 0 to 100 scale) sits at 64.10, approaching but not yet in overbought territory, which leaves some room for the move to extend before momentum gets stretched.
The EMA 20 and EMA 50 (Exponential Moving Averages, trend indicators that weight recent candles more heavily) sit well below the current price, with the EMA 20 at $0.32726 and the EMA 50 at $0.32053, both left behind by the breakout and now acting as a support cushion beneath the price rather than resistance.
Level Type
Price
Resistance 2
$0.43321
Resistance 1 (nearest)
$0.37010
Immediate Price Reference
$0.35783
First Support (range top / trendline zone)
$0.31734
Deeper Support
$0.28026
$SOSO future price: EMA LevelsEMA
Price
EMA 20
$0.32726
EMA 50
$0.32053
SOSO price target 2026 Bull case: Holding above the trendline zone at $0.31734 and staying clear of the $EMA 20 and EMA 50 near $0.32053 to $0.32726 would confirm the multi-month breakout is holding rather than fading back into the old range.
A confirmed close above the nearest resistance at $0.37010 would open the path toward $0.43321.
$SOSO price target 2026 Bear case: A close back below $0.31734 would put the trendline breakout in doubt and suggest the move was a temporary spike within the larger downtrend that has held since February.
Losing the $EMA 20 and EMA 50 near $0.32053 to $0.32726 first would be an early warning sign, with a deeper break exposing $0.28026 as the next downside target.
If $SOSO sustains at the current level and breaks above the $0.37010 resistance, the upper level to watch is $0.43321. If it breaks below the $0.31734 support instead, the price can move toward the lower level at $0.28026.
$0.43321 is the highest resistance level marked on the chart. Reaching it would require SOSO to first clear the nearest resistance at $0.37010 on a closing basis, since that level has acted as a ceiling during the recent consolidation and would need a decisive break to open the door toward the next zone.
A rejection at the nearest resistance near $0.37010 followed by a close back below the $EMA 20 and EMA 50 and the trendline zone at $0.31734 would put the breakout in question.
A deeper break below $0.28026 would undermine the recovery structure entirely and point back toward retesting the multi-month downtrend.
According to CoinGabbar analysts, the break above a trendline that has held for roughly six months is a meaningful technical development, especially coming on the back of a multi-week consolidation between $0.28026 and $0.37010 that had built a solid base beneath price.
RSI at 64.10 leaves some room to run before the move looks stretched, and the $EMA 20 and EMA 50 now sitting well below price is a clear shift from the downtrend structure that has dominated since February.
The $0.31734 to $0.37010 zone is the range to watch over the coming sessions: holding above it keeps the breakout thesis intact, while slipping back under $0.31734 would suggest the move needs more time to confirm.
Price, EMA, and RSI data referenced from a 1D SOSO/USD chart via TradingView, timestamped August 6, 2026, 12:39 UTC+5:30. Market cap, FDV, TVL, volume, and supply data referenced from the price tracker snapshot.
Disclaimer: This piece is for informational purposes only and is not financial advice. The levels and scenarios above are based on technical chart analysis and publicly available data at the time of writing, and crypto markets can move sharply within hours, so past patterns do not guarantee future outcomes. It is worth doing independent research and considering your own risk tolerance before acting on any of the levels discussed here.
