SOON has recently been strongly influenced by shifting macro-hedging sentiment and Bitcoin-led risk appetite. The token’s price surged from the $0.10 range to above $0.22, accompanied by a significant explosion in trading volume, indicating strong buying interest from bulls. The short-term resistance is currently in the $0.28–$0.29 range, with primary support at $0.13 in case of a pullback. After the sharp rally, short-term profit-taking and increased demand for downside protection in derivatives have led to intensified short-term volatility. The medium- to long-term potential depends on institutional inflows into major assets and the SOON project’s own ecosystem progress. It is recommended to dynamically adjust positions by monitoring on-chain capital flows and market structure changes, focus on range breakouts and the overall market trends, be cautious of short-term corrections, and pay close attention to core value catalysts for the platform in the medium and long term.

Recently, heightened hedging sentiment driven by tensions in the Gulf region, coupled with the US Fed’s hawkish stance, have led to increased volatility among risk assets. Against this backdrop, Bitcoin repeatedly rebounded past key moving averages and hit multi-week highs, drawing substantial spot buying. However, the negative funding rates and declining open interest in derivatives indicate a reserved market mood. Overall, market sentiment has been oscillating between risk aversion and risk appetite, prompting frequent capital rotation among small- and mid-cap tokens such as SOON.

Due to Trump's order to blockade the Strait of Hormuz, oil prices surged, US stock futures fell, and the dollar strengthened. This escalation followed failed US-Iran talks in Pakistan, disappointing investors. Elias Haddad from Brown Brothers Harriman noted this will likely reignite risk aversion this week. Investors are also focused on the upcoming Q1 earnings season, seeking corporate leaders' views on rising risks.

Earnings season intertwined with geopolitical crises, market risk aversion reignites.

BitMart Research Weekly highlights easing US-Iran tensions and a hawkish shift in the Federal Reserve, driving a rebound in risk assets including crypto. US stocks, especially AI-related sectors, show strong recovery amid geopolitical risks. Inflation data signals potential upward pressure if oil prices stay high. Crypto markets follow US stocks with BTC and ETH leading, while altcoins remain volatile. Institutional inflows into Bitcoin ETFs and MicroStrategy’s increased BTC holdings indicate long-term confidence.

BitMart Research Institute Weekly Hotspot Analysis: US-Iran Easing Combined with Fed's Hawkish Shift, Crypto Market Follows Rebound to Form a Bottom

Bitcoin rose to around $74,935 during the Asian session, up 0.7% in 24 hours and 5.4% weekly, driven mainly by spot buying rather than broad risk appetite. Derivatives markets show caution: perpetual contract funding rates remain negative, open interest declines, and options indicate higher demand for downside protection. This suggests a rebound, not a trend reversal, amid ongoing risk aversion and cautious sentiment despite gains.

Analysis: Bitcoin strengthens along with US stocks, but the options market still bets on downside risk.

Bitcoin recently surpassed $75,000 for the first time in 73 days, facing resistance near $78,000 with $74,000 seen as a critical support level for further gains. Market views diverge: bears cite weak macro liquidity and reliance on short-covering, while bulls highlight strong whale accumulation and potential breakthroughs above key moving averages. The broader market shows mixed signals amid geopolitical developments and fluctuating investor sentiment.

Trading moment: BTC encountered resistance at 78K, and it needs to hold 74K to aim for a breakthrough.

Starting from the April 9 low of $0.10188, SOON launched a strong rebound. From April 10 to 17, trading volume soared over several consecutive days, with single-day volume exceeding 510 million at its peak, and the price quickly jumped from $0.10 to above $0.22, gaining over 100%. This rally created a clear gap and featured bullish breakaway openings, signaling a strong willingness from buyers to enter actively. SOON now faces short-term resistance in the $0.28–$0.29 range, with the $0.15–$0.17 area serving as the first pressure test. A stable breakout above this area could trigger a new round of collective upward movement. In the event of rejection and a pullback, the $0.13 level will provide initial support.

Bitcoin has surpassed a four-week high, rising above $74,000. Analysts identify $75,000 as a critical "volatility release point," where derivative market negative gamma effects may amplify price fluctuations. This level coincides with Bitcoin's 100-day moving average, a key resistance in January. Breaking $75,000 could accelerate an uptrend, while a pullback may increase downward pressure. The $80,000–$80,600 range is a positive gamma zone with lower volatility, and the 200-day moving average at $87,519 serves as a long-term reference.

Analysis: Bitcoin breaks four-week high, key price range may intensify market volatility

10x Research analysis indicates Bitcoin is approaching a significant breakout, with internal trend models detecting a shift and market sentiment, positions, and capital flow data confirming structural changes. Despite concerns about quantum computing threats emerging around 2030-2035, current technical indicators show constructive momentum and multiple signals suggest a high probability of short-term upward movement. The key question remains if this will lead to a new bull market and all-time highs.

Analysis: Bitcoin may face a critical breakthrough, multiple indicators resonate pointing to an upward window.

Following such a sharp short-term rally, profit-taking pressure has increased significantly, especially as small and medium traders tend to exit in batches after gains, which may lead to short-term retracement. Meanwhile, the increased demand for downside protection in derivatives suggests the market has yet to fully confirm a trend reversal. In the medium to long term, if Bitcoin and other mainstream assets continue to attract institutional inflows and benefit from underlying technological or ecosystem advances, SOON has the potential for a secondary run-up based on its project development and community activity. Investors are advised to monitor overall market trends and changes in on-chain position structures to balance short-term volatility with long-term positioning.

Santiment reported that amid recent market gains, small retail investors are selling significant amounts of Ethereum, with wallets holding 0.01 ETH or less reducing by 1,791 ETH (worth $4.16 million) in two days. The public perceives the 17% rise since March 29 as a bull trap, which ironically may strengthen the likelihood of the ongoing bullish momentum continuing.

Santiment: The general market believes the recent rise is a bull trap, but the bullish momentum may continue.

Despite Bitcoin briefly surpassing $76,000 on April 17, Glassnode analyst CryptoViz.art warns it is premature to declare a new bull market. Bitcoin has remained below the "True Market Mean" (TMM) for 75 days, with active holders at an average loss of about 20%. Historical patterns show similar downturns lasting from days to months, indicating the current phase is still early. Additionally, negative capital inflows suggest insufficient new funds to support a price rise, requiring sustained positive indicators to confirm a trend reversal.

Analyst: It is still "too early" to assert that a new Bitcoin bull market has started.

SOON

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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SOON price today is 0.21, with a live price change of 32.27 in the last 24 hours. Convert, buy, sell and trade SOON on Bybit-eu.

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