$SOPH saw a long liquidation of $1.5206K at $0.01468, indicating that bullish traders lost control at this zone. Buyers were positioned for continuation, but downside movement forced leveraged longs to close. This liquidation reflects weakening confidence and highlights a fragile support area. Such events often reset momentum, flushing out overextended positions before the next move. For $SOPH, stabilization and volume recovery are needed to rebuild trust among buyers. Until then, price action may remain cautious, with traders watching closely for either consolidation or further downside.
SOPH
0.01491
-11.14%
