Can Kraken listing break SoSoValue price range-bound streak?

SOSO price has traded tightly between $0.45–$0.60 for months, but an upcoming Kraken listing could trigger a breakout.

Sosovalue (SOSO) price has been trading in a tight range between approximately $0.45 and $0.60 since early April, with a brief dip to $0.40 in early June and occasional wicks above the upper boundary. Volume has generally been low during this consolidation phase, with occasional spikes, indicating potential attempts to break the range.

However, since rebounding from the June dip, SOSO price has been steadily trending above the 20-day EMA, indicating growing short-term bullish momentum. Currently trading at $0.58, up 4% over the past 24 hours, SOSO price is once again testing the upper limit of that multi-month range.

While no definitive technical breakout signals have emerged yet — aside from the sustained movement above the 20 EMA — the upcoming listing on Kraken may soon propel SOSO price out of this prolonged consolidation range toward the next major resistance around $0.80 from late February consolidation.

Source: TradingView

Launched in January this year, SOSO is the native token of the AI-powered crypto research and analytics platform SoSoValue. Its debut followed a $15 million Series A funding round led by SmallSpark.ai and HongShan (formerly Sequoia China), which pushed the platform’s valuation to $200 million. The token surged over 35% on launch, hitting a peak of $1.42, fueled by investor excitement around SoSoValue’s newly launched Indices Protocol — a suite of sector-tracking tokens deployed on Coinbase’s Base network, offering on-chain exposure to major segments of the crypto market.

To drive adoption, SoSoValue rolled out a major airdrop campaign, distributing 49 million tokens in its first season through Bybit Launchpool, PoW snapshots, and PoS staking rewards. A second airdrop season launched shortly after and remains in its claim phase.