SOSO faces short-term pressure due to global geopolitical friction, but the recovery in trading volumes and capital flows of mainstream crypto assets is gradually spreading to the Altcoin market, boosting overall risk appetite. Technically, the 0.40-0.41 range shows solid support, with significant volume expansion and clear short-term upward momentum. It is recommended to focus on the effective support at 0.41; if it holds, there is potential to advance toward the resistance at 0.45. Moderate additional positions are suggested, with a stop-loss moved below 0.40, and caution advised against sudden risk reversals.

Recent geopolitical friction around the Strait of Hormuz has caused oil prices to surge, the US Dollar Index to strengthen, and US stock futures to fall, placing significant pressure on overall risk appetite. Against this macro backdrop, SOSO recorded a high of 0.4334 on April 12 and then sharply retreated to 0.4014, demonstrating short-term profit-taking and a wait-and-see attitude dominated by hedging sentiment among investors.

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.

Ethereum buying returned, solidifying defense above the key $2,000 level. Futures open interest is nearing historical highs, and spot ETFs have seen consecutive net inflows, indicating a recovery in derivatives and institutional demand. Meanwhile, Bitcoin has broken its four-week high and is approaching its 100-day moving average, potentially igniting further upside momentum. The recovery effect of these mainstream coins is spreading downstream to Altcoins, providing sentiment support for SOSO's price stabilization and rebound.

Market data shows Ethereum buyers are returning, with bulls defending the $2000 support level. Since March 6, Ethereum's aggressive buying volume has remained positive, indicating a recovery in derivatives market demand. The buying pressure dominates at $104 million, marking the first such shift in Ethereum derivatives since the last bear market. Futures open interest nears a historic high, and spot Ethereum ETFs saw a $120 million net inflow, the highest since mid-March.

Analysis: Ethereum's proactive order consumption has remained positive since March, signaling a recovery in the derivatives market.

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

On the daily chart, SOSO has been bottoming out around 0.40 since April 7, testing multiple times without effectively breaking down. On April 15, it rebounded on increased volume to 0.4244, recouping losses; on April 16, it surged to 0.4411 with over 1.3 million in trading volume and closed at 0.4323, showing consecutive bullish candles and rising price/volume. Short-term moving averages are in bullish alignment; if the 0.41 support holds, there is potential to further challenge the resistance at 0.45.

SoSoValue

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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SoSoValue Price: SOSO Live Price Today | SOSO Market Cap & Chart Analysis | Bybit-eu

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SOSO price today is 0.43, with a live price change of -1.32 in the last 24 hours. Convert, buy, sell and trade SOSO on Bybit-eu.

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