Can Kraken listing break SoSoValue price range-bound streak?

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Ah, the long and tedious price range of Sosovalue (SOSO) – a relentless dance between $0.45 and $0.60, as if it were trying to catch a glimpse of something more exciting but is always too shy to leap. And now, what do we have here? The upcoming Kraken listing. How utterly promising – or perhaps just another glittering distraction in the eternal maze of cryptocurrency price charts. Will it trigger the breakout that we’ve been told to expect for months? The suspense is palpable. 🙄

For months, SOSO’s price has been caged in a meager range, the very definition of stagnation – stuck between the exalted $0.45 and $0.60 like an overzealous hermit refusing to leave their comfort zone. There was a brief flirtation with the $0.40 mark back in June, followed by a dramatic spike above the upper limit of this sad little boundary. Truly, the suspense was unbearable, but alas, no lasting triumphs have materialized. The volume was disappointingly low, with the occasional spike suggesting some faint hope for liberation – or perhaps just a bit of wishful thinking.

And yet, like a dismal soap opera character, SOSO rallied after that brief dip in June, trailing above the 20-day EMA, as though this might indicate some smidge of momentum. It’s currently sitting pretty at $0.58, up a tantalizing 4% in the last 24 hours, once again eyeing that ever-elusive upper limit. Is this the moment it finally breaks free? Only time will tell, though one might say that time has already told us everything it needed to – a ceaseless waiting game. 🙃

While no technical breakout signals have been revealed – aside from the hint of defiance above the 20 EMA – the Kraken listing could very well be the catalyst for a great escape from this price prison. The next major resistance lies around $0.80, waiting like a far-off dream from February’s consolidation. Ah, sweet $0.80 – a distant and mysterious land full of promise. But will SOSO make it? Only the crypto gods know. ⏳

Introduced in January, SOSO is the native token of SoSoValue, the AI-driven crypto research platform that launched with great fanfare after a rather extravagant $15 million Series A funding round. This came courtesy of SmallSpark.ai and HongShan (formerly Sequoia China), bestowing SoSoValue with an impressively inflated valuation of $200 million. Not to be outdone, SOSO surged by over 35% upon its debut, reaching a feverish peak of $1.42. What caused such a rally, you ask? Why, the introduction of the Indices Protocol, of course – a suite of sector-tracking tokens on Coinbase’s Base network. A truly thrilling development, no? 🤑

To further tempt fate and stir up some excitement, SoSoValue unleashed a grand airdrop campaign. A whopping 49 million tokens were distributed in its first season through Bybit Launchpool, PoW snapshots, and PoS staking rewards. The second season, with its tantalizing promise, has launched and continues to unfold. Will these efforts lead to something more than just another speculative frenzy? Time, as always, shall tell – if we’re lucky enough to witness it. 😏

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2025-07-16 15:09