This surge in $SOPH is absolutely no coincidence! Just look at the order book distribution and you can tell: the support below is very solid, while the selling pressure above has been completely absorbed by a series of large bullish candles.
The naked price action is extremely smooth. Large bullish candles accompanied by a breakout in volume push the price to the spike, then after breaking the previous high, it consolidates at elevated levels to accumulate positions — a classic chip turnover pattern.
The follow-up direction is very clear: inertia-driven continuation upward. Short-term bullish momentum is surging with great force, and there is almost no chip resistance above, so there is a high probability it will continue accelerating upward and open up entirely new space. In a market with this kind of violent rally, following the capital trend is the way to go!
The naked price action is extremely smooth. Large bullish candles accompanied by a breakout in volume push the price to the spike, then after breaking the previous high, it consolidates at elevated levels to accumulate positions — a classic chip turnover pattern.
The follow-up direction is very clear: inertia-driven continuation upward. Short-term bullish momentum is surging with great force, and there is almost no chip resistance above, so there is a high probability it will continue accelerating upward and open up entirely new space. In a market with this kind of violent rally, following the capital trend is the way to go!
