$SOPH /USDT following its recent listing:

$SOPH /USDT

📉 NEW LISTING WITH SHARP PULLBACK

🔍 FINDING SUPPORT NEAR LISTING LOW

📊 HIGH VOLUME BUT BEARISH SENTIMENT

Current Status:

SOPH is trading at $0.04686, down 7.83% over the last 24h. It printed a high of $0.05274 and a low of $0.04626, staying close to its bottom. Despite high volume (148.85M SOPH), price action remains weak, indicating strong selling pressure.

Trade Setup:

⚠️ No Long Yet – Wait for Reversal

Price is hovering just above its daily low, with no clear signs of reversal or bottom formation. It must reclaim $0.05000 with volume before any long setup becomes favorable. Entering now is risky without bullish confirmation.

Market Outlook:

Expect more downside or sideways consolidation if it fails to hold above $0.04600. A breakdown could target $0.04400–$0.04200 support range. Watch shorter timeframes (15m/1h) for a double bottom or bullish divergence as potential entry signals.

buy and trade here on $SOPH

#SOPH #BinanceListing #Layer1Crypto #AltcoinWatch #CryptoTrading