$SOPH experienced a long liquidation around $0.01473, indicating buyers failed to defend support and were forced out. This suggests weakening demand and a shift in short-term momentum toward sellers. Long liquidations often lead to further downside or extended consolidation as bullish leverage is flushed from the market. Any bounce may face selling from trapped longs looking to exit positions. Unless $SOPH quickly reclaims broken levels with strong buying interest, downside risk remains elevated and price may continue searching for a stronger demand zone.
SOPHUSDT
Prep
0.014814
-13.34%
