$SOPH saw a long liquidation at $0.01676, indicating bullish positions were forced out after price failed to hold higher levels. This reflects short-term weakness and rejection from the upside, with sellers briefly regaining control. Long liquidations often reset momentum and push price into consolidation while leverage clears. If $SOPH remains below the $0.0170–$0.0173 zone, bearish pressure may persist. A strong reclaim with volume would be needed to restore bullish structure.
SOPHUSDT
Perp
0.018122
+49.38%