$SOON has a date with volatility tomorrow… and the chart is already looking weak 😬
Price spiked to $0.3426, got rejected hard and has now slipped back near $0.3036
But here's what makes tomorrow interesting
Around 20.24M $SOON tokens are scheduled to unlock on October 23, worth roughly $6M at the reported valuation. That's about 2% of total supply.
Does that automatically mean a dump? No
The real question is whether the market can absorb that extra supply without losing support
I'm watching $0.3000 closely. If buyers fail to defend the area, downside pressure could build. If price holds despite the unlock, that would be worth paying attention to
No blind shorts before the reaction. The event is known, but the market's response isn't
What's your read on $SOON?
Will sellers use the unlock as an exit opportunity, or will buyers absorb the supply? 👇
#Soon #BinanceSquare #CoinQuestArmy
Price spiked to $0.3426, got rejected hard and has now slipped back near $0.3036
But here's what makes tomorrow interesting
Around 20.24M $SOON tokens are scheduled to unlock on October 23, worth roughly $6M at the reported valuation. That's about 2% of total supply.
Does that automatically mean a dump? No
The real question is whether the market can absorb that extra supply without losing support
I'm watching $0.3000 closely. If buyers fail to defend the area, downside pressure could build. If price holds despite the unlock, that would be worth paying attention to
No blind shorts before the reaction. The event is known, but the market's response isn't
What's your read on $SOON?
Will sellers use the unlock as an exit opportunity, or will buyers absorb the supply? 👇
#Soon #BinanceSquare #CoinQuestArmy