Is SOON the next big thing? Examining price prediction, EMAs, and breakout setups to uncover potential in the crypto market.
The crypto world moves fast. Today, we're diving into SOON, a token that's been making waves. We'll explore price prediction, EMAs, and breakout setups to see what the charts are telling us.
Compression Points To A Breakout
SOON is currently trading near $2.28, consolidating after a 200% surge in a week. It's trapped in a symmetrical triangle on the 4-hour chart, with rising trendline support and resistance near $2.60. This pattern suggests a squeeze, and the next move depends on how the price reacts at these key levels.
All major EMAs (20, 50, 100, and 200) are rising beneath the price, signaling a controlled uptrend rather than a speculative spike. As long as candles close above the trendline support around $2.06, the triangle pattern remains valid. The RSI on the 4-hour chart is above 60, indicating buyers are in control without being overbought.
Intraday Traders Guard VWAP
Shorter timeframes show disciplined dip buying, indicating accumulation rather than distribution. Buyers step in when SOON revisits the $2.23–$2.14 liquidity zone. A 30-minute close above $2.44 could open the path back to $2.60.
Catalysts Fueling The Bull Case
The "Solana of 2025" narrative is gaining traction, and new listings often result in sustained volume, especially when retail FOMO converges with technical setups.
The Flip Side: What About XRP?
Now, let's take a quick detour to XRP. While SOON shows potential, XRP is struggling, trading below major EMAs and facing rejection at key moving averages. Data suggests capital is leaving the market, signaling hesitation from buyers. It's a reminder that not all setups are created equal, and broader market sentiment plays a huge role. Even though top trader positioning remains skewed long, the market treats that as early rather than confirmed bullish positioning.
Outlook: Will SOON Go Up?
The breakout direction for SOON hinges on a single decision point: hold the trendline and break $2.60, and the next leg begins.
Final Thoughts
Price prediction, EMAs, and breakout setups are just tools in a trader's toolbox. Whether it's SOON aiming for the moon or XRP navigating choppy waters, remember to do your own research and trade responsibly. Now, go forth and conquer the crypto charts... or at least try not to get rekt!
