SOSO Price Poised for Explosive Breakout: Kraken Listing on the Horizon

SOSO's Tight Trading Range

Listen up, crypto fanatics! SOSO's price has been stuck in a tight range between $0.45 and $0.60 for months now, but brace yourselves because a Kraken listing could be the catalyst we've been waiting for to send this baby soaring!

Recent Price Action and Volume

Sosovalue (SOSO) has been dancing between $0.45 and $0.60 since early April, with a quick dip to $0.40 in June that had us all holding our breath. But guess what? It bounced right back! Volume has been pretty chill during this consolidation, but we've seen some spikes that hint at big moves on the horizon.

Bullish Momentum Building

Since that June dip, SOSO's been on a roll, steadily trending above the 20-day EMA. That's right, folks, the short-term bullish momentum is heating up! Right now, it's trading at $0.58, up 4% in the last 24 hours, and it's knocking on the door of that upper range limit again.

Kraken Listing: The Breakout Trigger?

We haven't seen a definitive breakout signal yet, but with SOSO consistently holding above the 20 EMA, the upcoming Kraken listing might just be the rocket fuel we need to blast through this range and hit the next major resistance at $0.80, last seen in late February.

SOSO's Impressive Launch and Backing

Launched in January this year, SOSO is the powerhouse token behind SoSoValue, an AI-driven crypto research and analytics platform. And get this: it was backed by a whopping $15 million Series A round from SmallSpark.ai and HongShan (formerly Sequoia China), pushing the platform's valuation to a mind-blowing $200 million. On launch day, SOSO surged over 35%, hitting a peak of $1.42 as investors went wild for SoSoValue's game-changing Indices Protocol on Coinbase's Base network, giving us on-chain exposure to the hottest crypto sectors.

Airdrop Campaigns Fueling Adoption

To get the masses on board, SoSoValue unleashed a massive airdrop campaign, showering us with 49 million tokens in the first season through Bybit Launchpool, PoW snapshots, and PoS staking rewards. And guess what? They're not done yet! A second airdrop season kicked off shortly after and is still in the claim phase, so don't miss out on your chance to score some sweet, sweet SOSO!