$SOXL is the Direxion 3x Leveraged Semiconductor $ETF token. It tracks $NVDA, $AMD, $AVGO, $TSM.
*Current*: ∼$35.40
*24h*: $34.71 - $35.55 range, +0.65%
*52w*: $24.10 - $56.94
*Beta*: 2.24. Very volatile.
On Binance it trades as a synthetic/tokenized asset vs USDT. 24/7 trading, but price follows US market hours.
*Why it moves*: AI chip demand, NVDA earnings, and tech sentiment. 3x leverage means 1% move in semis = ∼3% in SOXL.
Daily reset causes decay. Not for long holds. High risk, high reward. Check if available in your region.
Short-term bullish on AI, but watch Fed + earnings.
*Current*: ∼$35.40
*24h*: $34.71 - $35.55 range, +0.65%
*52w*: $24.10 - $56.94
*Beta*: 2.24. Very volatile.
On Binance it trades as a synthetic/tokenized asset vs USDT. 24/7 trading, but price follows US market hours.
*Why it moves*: AI chip demand, NVDA earnings, and tech sentiment. 3x leverage means 1% move in semis = ∼3% in SOXL.
Daily reset causes decay. Not for long holds. High risk, high reward. Check if available in your region.
Short-term bullish on AI, but watch Fed + earnings.