$SOPH
$0.003800 -14.74%
The dump is driven by two live events. Upbit flagged SOPH as a trading-caution asset and suspended deposits on September 22, citing undisclosed changes to the token's circulation plan. Review runs until mid-October with delisting possible. Meanwhile, a whale initiated a 100 million token sell-off from an average cost of $0.006599 — the TWAP is still running, with 144 million tokens still underwater.
The September 28 core contributor unlock is also three days away.
Key Levels
Resistance: $0.004201 (MA7) → $0.004235 (MA25) → $0.004558 (24h high)
Support: $0.003727 (24h low) → $0.003685
The Trade
No long setup here. Upbit's warning window runs through mid-October. The whale's TWAP is still selling. The unlock is in three days. The asymmetry is clear — the only path for new supply is out.
Short entry $0.00385-$0.00395. Stop-loss $0.00420. Targets $0.00370 → $0.00350 → $0.00330. Invalidation above $0.00420 with volume.
$0.003800 -14.74%
The dump is driven by two live events. Upbit flagged SOPH as a trading-caution asset and suspended deposits on September 22, citing undisclosed changes to the token's circulation plan. Review runs until mid-October with delisting possible. Meanwhile, a whale initiated a 100 million token sell-off from an average cost of $0.006599 — the TWAP is still running, with 144 million tokens still underwater.
The September 28 core contributor unlock is also three days away.
Key Levels
Resistance: $0.004201 (MA7) → $0.004235 (MA25) → $0.004558 (24h high)
Support: $0.003727 (24h low) → $0.003685
The Trade
No long setup here. Upbit's warning window runs through mid-October. The whale's TWAP is still selling. The unlock is in three days. The asymmetry is clear — the only path for new supply is out.
Short entry $0.00385-$0.00395. Stop-loss $0.00420. Targets $0.00370 → $0.00350 → $0.00330. Invalidation above $0.00420 with volume.
