Sophon Price Forecast – Why SOPH Could Soon Hit $0.10

Highlights:

• Sophon is showing strength after a successful listing last week
• Sophon is driven higher by the excitement that comes with new token listings
• The Binance angle is likely to push Sophon to new highs

Sophon was up by 20.83% when going to press to trade at $0.0685. Sophon trading volumes are also strongly rising by 21.16% to $137.01 million. This indicates that bullish sentiment is increasing, as investors anticipate even more gains for the Sophon token. Sophon is the native token of Sophon, a layer-2 network that focuses on entertainment. 

However, it is not the intrinsic value of the Sophon network that is necessarily driving up the value of Sophon; rather, it is external factors. The same external factors could cause Sophon to continue outperforming most top 100 cryptocurrencies in the near term. 

Sophon Benefiting From FOMO That Comes with New Cryptocurrencies

One of the factors that could drive Sophon higher is the fact that it is a new cryptocurrency. Investors are usually drawn to new cryptocurrencies because they have significant room to grow. Many cryptocurrencies driven by the launch hype usually record gains in the hundreds and some in the thousands of percent. As such, Sophon’s price will likely continue drawing in investors looking for 10x and higher gains in the short term. The gains Sophon is recording intraday indicate that FOMO is building up around Sophon.

Don’t sleep on $SOPH 👀

This zkSync-powered AI gem is showing a clean bull flag on the 1H chart — eyes on a breakout toward $0.088+ @sophon is bringing AI to Web3 with zkSync scalability.#zkSync #BitunixAnalyst pic.twitter.com/v7rqDVz5nY

— Bitunix (@BitunixOfficial) June 3, 2025

Backing By Binance: A Bullish Factor for Sophon

Sophon could also benefit from being backed by one of the world’s largest and most respected exchanges. Sophon is a product of the Binance Chain and is supported by Binance Labs. In the past, cryptocurrencies have come out of Binance Labs and have recorded 100x higher gains in all-out bull markets. As such, investors buoyed by Binance’s backing could continue to invest in Sophon in the foreseeable future.

Gaming meets AI. Onchain.@sophon is building an AI-powered entertainment layer on Ethereum L2, with games, stories, and agents.

Explore how SOPH blends narrative, infrastructure, and community 👇https://t.co/ux0v86ShHy

— Binance Academy (@BinanceAcademy) June 3, 2025

The Binance angle is also relevant because Binance is the most accessible exchange to the average investor anywhere in the world. Sophon could draw in more retail money than if only available on the smaller exchanges. This is one of the aspects that could play a significant role in pushing Sophon to gains of 10x or more. 

Broader Market Momentum Likely to Push Sophon Higher

Sophon could also get a boost from the fact that the broader cryptocurrency market is turning bullish. From the cryptocurrency price action in the last 24 hours, there is every indication that capital is rotating into altcoins. This usually happens at the beginning of parabolic bull rallies. An indicator that this is happening is the fact that Ethereum ETFs continue to draw massive inflows, even as Bitcoin ETFs stall.

ALTSEASON 3.0 STARTS NOW! pic.twitter.com/nNVbaW3IA8

— Mister Crypto (@misterrcrypto) June 3, 2025

At the same time, Bitcoin dominance is declining, further pointing to the push towards alts. When this happens, new altcoins tend to gain the most as they attract risk-chasing capital. For Sophon, which is new and has the advantage of having Binance on its side, the odds of a parabolic price move are strong. The fact that it has also been listed on several other top exchanges, including Bithumb, could add to the FOMO around it. 

Technical Analysis – Sophon Price On A Parabolic Price Move

Because it is still new, Sophon has yet to form relatable support and resistance levels. However, in the shorter timeframes, $0.0749 is emerging as resistance and $0.047 as support. If bulls take control and push Sophon through the $0.0749 resistance, a rally to $0.1 could follow.

On the other hand, if bears take control and push Sophon through the $0.047 support, then a correction to $0.03 could follow. Of these two scenarios, a rally to $0.0749 is more likely as bullish momentum builds up across the market.