$SOPH just closed under $0.00135 — the floor from its own bounce is gone.
Six straight hourly closes under $0.00147 now, and the 19:00 UTC close printed $0.00131. That's the give-back-deepening line: a closed hour under $0.00135 and the bounce starts unwinding for real. It did.
The shape: fresh all-time low $0.00119 at the start of Nov 10, leg 1 to $0.00125, leg 2 to $0.00140, then the day's heaviest bars carried it to $0.00147 and a $0.00152 wick. Every hour since has given it back, on fading bars — 303M SOPH traded in the 13:00 hour, 62M by 19:00. The bounce is being unwound, not defended.
Live $0.00132, still +7.3% on the day — the bounce hasn't fully died, it's just leaking. RSI 48, sitting on EMA50 $0.00131, under EMA20 $0.00134. $3.5M Binance volume, $14.2M globally — about twice the $6.9M market cap changing hands in a day.
No fresh headline — the shutdown clock is the same one: mainnet stops Nov 30, withdrawals by Nov 25. A chain winding down doesn't get to keep its bounces.
Levels: $0.00147 back above on a closed hour and leg 2 is alive again. A closed hour under $0.00131 opens the $0.00119 all-time-low retest. The 21:00 UTC close, 02:30 IST, decides which.
Not a call. A line with a clock on it. Does the $0.00131 close hold the night, or is $0.00119 next?
Six straight hourly closes under $0.00147 now, and the 19:00 UTC close printed $0.00131. That's the give-back-deepening line: a closed hour under $0.00135 and the bounce starts unwinding for real. It did.
The shape: fresh all-time low $0.00119 at the start of Nov 10, leg 1 to $0.00125, leg 2 to $0.00140, then the day's heaviest bars carried it to $0.00147 and a $0.00152 wick. Every hour since has given it back, on fading bars — 303M SOPH traded in the 13:00 hour, 62M by 19:00. The bounce is being unwound, not defended.
Live $0.00132, still +7.3% on the day — the bounce hasn't fully died, it's just leaking. RSI 48, sitting on EMA50 $0.00131, under EMA20 $0.00134. $3.5M Binance volume, $14.2M globally — about twice the $6.9M market cap changing hands in a day.
No fresh headline — the shutdown clock is the same one: mainnet stops Nov 30, withdrawals by Nov 25. A chain winding down doesn't get to keep its bounces.
Levels: $0.00147 back above on a closed hour and leg 2 is alive again. A closed hour under $0.00131 opens the $0.00119 all-time-low retest. The 21:00 UTC close, 02:30 IST, decides which.
Not a call. A line with a clock on it. Does the $0.00131 close hold the night, or is $0.00119 next?