$SOPH triggered a short liquidation near $0.01038, signaling a sudden bullish impulse that forced short sellers to exit and accelerated upward momentum. This squeeze suggests buyers stepped in aggressively and reclaimed control of the short-term trend. The key support zone now lies around $0.0100–$0.0103, which must hold to sustain continuation. If SOPH remains above this base, price can push toward resistance at $0.0115–$0.0122, with the next upside target around $0.0138 where liquidity is concentrated. Short liquidation-driven moves often extend when follow-through buying remains active. A drop back below $0.0100 would lead to consolidation toward $0.0094 before another attempt higher. Bias remains bullish post-squeeze. $SOPH #GateJanTransparencyReport
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$SOPH triggered a short liquidation near $0.01038, signaling a sudden bullish impulse that forced short sellers to exit and accelerated upward momentum. This squeeze suggests buyers stepped in aggressively and reclaimed control of the short-term trend. The key support zone now lies around $0.0100–$0.0103, which must hold to sustain continuation. If SOPH remains above this base, price can push toward resistance at $0.0115–$0.0122, with the next upside target around $0.0138 where liquidity is concentrated. Short liquidation-driven moves often extend when follow-through buying remains active. A drop back below $0.0100 would lead to consolidation toward $0.0094 before another attempt higher. Bias remains bullish post-squeeze. $SOPH #GateJanTransparencyReport