Soso Price has been trading tightly between $0.45 and $0.60 for several months, but future Kraken lists could cause a breakout.
Sosovalue (SOSO) prices have been trading in a strict range between about $0.45 to $0.60 since early April, ranging from short flooding to $0.40 in early June, and occasionally above the limit boundary. This integration phase shows potential attempts to break the range, with occasional spikes, typically low volume in this integration phase.
However, since rebounding from the June dip, SOSO prices have steadily risen 20-day EMA, indicating a growing short-term bullish momentum. SOSO prices, which are currently up 4% at $0.58 over the last 24 hours, are once again testing their multi-month range cap.
With the exception of a sustained move beyond 20 EMA, no decisive technical breakout signal has yet to emerge, but Kraken’s upcoming list could soon drive SOSO prices from this long-term integration range towards around $0.80 from late February to late February.
The Soso, released in January this year, is a native token for the AI-powered Crypto Research and Analytics Platform SosoValue. Its debut followed a $15 million Series A funding round led by Smallspark.ai and Hongshan (formerly Sequoia China), which boosted the platform’s valuation to $200 million. Tokens surged over 35% at launch, spurring investors’ excitement over Sosovalue’s newly launched index protocol, and are a suite of sector tracking tokens deployed in Coinbase’s base network, providing on-chain exposure to key segments of the crypto market.
To drive recruitment, Sosovalue launched a major Airdrop campaign, distributing 49 million tokens in its first season through Bybit LaunchPool, Pow Snapshots and POS staking rewards. The second airdrop season will begin soon and remain in the billing phase.
