Candlesticks lie flatter than salted fish, the market maker's scythe is sharpening overhead for the second time!
Today, Soph staged a standard 'zombie market'—unable to drop through, unable to rise, sideways to the point of anxiety, with hidden dangers lurking everywhere
Market analysis
Opening hit, suspicions of internal betrayal:
The opening was a hit! The price fell from 0.074517 down to 0.064129 (a drop of nearly 14%), the corresponding percentage change (0.0% -> 3.6% -> 8.2%) is confusing, the real price is in free fall
Combined solid news: On-chain monitoring shows that the Soph team's associated wallet transferred approximately 1.5 million Soph to Binance in batches last night and this morning!
Is the project team running away themselves? If this news is confirmed, the sharp drop at opening is 'insiders fleeing', confidence will collapse directly!
Long 'playing dead period', liquidity is zero
After the sharp drop, Soph entered 'lying dead mode', with the price falling from 0.064129 all the way down to around 0.0562, then stuck in the narrow range of 0.0562 - 0.0566!
A dense cluster of over a hundred 1-hour candlesticks, all showing a 0.0% rise or fall! Barely exposes:
Selling pressure exhausted: those wanting to escape have already done so in the early session
Buying pressure has completely vanished: a core fatal blow! There is no willingness for large funds to take over in the 0.056 range. Trading volume has shrunk to 'ethereal', and the market's interest in Soph has dropped to zero
The project's 'silence' makes matters worse: only a pale announcement of 'ecosystem fund allocation' was made after the price drop, with no substantial action, exacerbating the collapse of trust and completely stifling buying pressure
Scattered 'resurrection' attempts, noise traps:
The chart occasionally shows slight movements, but the increase still marks 0.0%!
This is very likely:
Fragmented small trades in a quiet market
The market maker uses small amounts of money to test the order book/draw charts to fish
Absolutely don't take it as a reversal signal! It's purely noise!
Blood and tears experience:
'Team transferring coins' is the sword of Damocles! The project's associated address accurately transferred coins to the exchange before the drop, a classic precursor to a run or dump. Once trust collapses, the coin price becomes like a sandcastle! Countless small dog projects (like a certain famous runaway MEME coin) follow this script: pump → team sells → candlesticks lie dead at zero. Soph has the essence of this too much!
'Death sideways' ≈ preheating for a meat grinder! History has repeatedly proven that after such a volume-less sideways trend, it often results in either a downward trend or an unexpected 'spike' collapse. Due to liquidity exhaustion, even a tiny sell order can break through the 'iron bottom'! Last year, a certain small coin experienced a week of sideways movement, and with one unlocking announcement from the project team, the price instantly 'ankle chopped'. This 0.056 'coffin board' of Soph is as thin as a cicada's wings!
The overall environment is sluggish, small coins are the first to be sacrificed! BTC/ETH and other big players are fluctuating, with market risk aversion. Funds are only clustering around leaders or exiting. Soph, being a small weak coin suspected of 'running away', is definitely among the first batch to be sacrificed! No incremental funds, relying on the remaining blood in the market to pull up? Dream on!
Today's market trend prediction
'Lying dead' is the main tone, but the coffin board could crack at any time! It is very likely to continue 'playing dead' in the 0.0562-0.0566 range today, with almost no fluctuations.
Downward break is imminent! Any slight movement:
BTC/ETH drop again.
Soph team unlocking/transferring coins is confirmed
A slightly larger sell order from a big player
Could instantly break through the platform
Target? No support below, 0.05? 0.04? Free fall!
'Rebound'? Self-deception! A reversal requires
The project team is buying back with real money
Sudden nuclear bomb-level good news
The market explodes, junk coins rise across the board
Volume-less rises are all just a scythe of deception!
Is 0.056 the iron bottom? Be careful of the market maker flipping the coffin at night for an ankle chop
Keep an eye on the team's wallet + BTC movements, those with bullets should stay alert
Remember: It's better to miss the 'coffin board' than to lie inside and be 'buried with it'
Survive, wait for bloodied chips everywhere, that’s when it’s time to bend down and pick up money
If there is any unusual movement tonight, I will analyze the market maker's cards in real-time in the live room, so follow quickly
I am a cowardly crow, don’t stay in the crypto circle, I only serve those who dare to act. If you don’t know where the effective breakout point is, follow me, and I’ll guide you step by step, but you must cooperate! If I fail to do so, come to the comment section and wake me up, thank you!
