$SOPH Official Listing on Binance!
SOPHON ($SOPH ) officially debuted on Binance today and immediately caught the market's attention with a price surge of +114% within the first few hours of trading. It opened at around $0.03000 and reached an intraday high of $0.08800, currently SOPH is trading around $0.06421.
With a 24-hour trading volume exceeding 2.01 billion SOPH and USDT liquidity reaching $139 million, this token shows very high initial enthusiasm from traders. It’s not surprising, considering SOPHON is part of the layer 2 narrative that is still considered hype, and its first listing on Binance often serves as a catalyst for quite extreme short-term volatility.
📊 Technically, since this is the first candle since the listing, there are no solid EMA or RSI indicators available to use as a basis for trend analysis. However, this initial movement gives the impression that SOPH is in a price discovery phase, and high volatility is very likely to occur in the coming days. The risk of pump and dump should also be considered, especially with the extreme price structure that has surged from the listing point.
For those interested in making SOPH part of their watchlist, make sure to wait for a more stable setup or wait for a healthy pullback before taking a short to medium-term position.
By the way, did you get an allocation of SOPH through the Launchpool?🤔
📌 DISCLAIMER: Not Promotion & Not Financial Advice
