Doing better than the market
The total crypto market is −4.3% in 24 hours. SOPH is +37%, 42% better than the market, so part of the move is specific to Sophon.
Why is the crypto market moving? →
why / soph
Why is Sophon up today?
Sophon (SOPH) is up 37% in the last 24 hours, trading at $0.00208. That is 42% better than the whole crypto market (−4.3%), so part of the move is specific to Sophon. Trading volume is running at 12.2× its 30-day average.
SOPH 24h+37.25%
Whole market 24h−4.35%
Bitcoin 24h−4.83%
Link to BTC (30d)-0.02
Volume vs normal12.2×
Layer 2 (L2) sector−4.47%
signals
What is moving Sophon
Strongest signals first.
Trading volume is 12.2× normal
At today's pace, SOPH trades about 12.2 times its 30-day average volume. Heavy volume means many traders are acting on the move, which makes it more meaningful.
Highest price this week
SOPH pushed above its 7-day range (high $0.00163).
Moving on its own, not with Bitcoin
Over the last 30 days, SOPH's daily moves had a -0.02 correlation with Bitcoin (1 means identical direction). That is low: SOPH has mostly moved on its own lately, while Bitcoin is −4.8% today.
Bitcoin price →The Layer 2 (L2) sector is down
Sophon is part of the Layer 2 (L2) sector, which is −4.5% today. SOPH is moving against its sector, which points to coin-specific news or trading.
Layer 2 (L2) sector →Weak month
SOPH is +22% this week and −42% over 30 days, so today's move goes against the monthly trend.
Market mood: Fear (30)
The Crypto Fear & Greed Index reads 30 out of 100, down from 51 yesterday. Sentiment is not extreme either way.
Fear & Greed Index →Liquidations, funding and open interest
See whether leveraged traders are being forced out of SOPH positions right now, on the chart, in the Blockdeck app.
See VIP layers →next
Keep exploring Sophon
faq
Questions
Why is Sophon up today?
Sophon (SOPH) is up 37% in the last 24 hours, trading at $0.00208. That is 42% better than the whole crypto market (−4.3%), so part of the move is specific to Sophon. Trading volume is running at 12.2× its 30-day average.
Will Sophon go back down?
Nobody can know that in advance, and Blockdeck does not make price predictions. What the data shows: SOPH is +22.08% over 7 days and −41.54% over 30 days. Check the live chart and the signals above, and never trade more than you can afford to lose.
How is this explanation made?
From measured market data, refreshed every few minutes: the whole market's move, SOPH's link to Bitcoin over 30 days, its sector, trading volume against its 30-day average, recent news, where the price sits in its range, and market sentiment. Nothing here is guessed or written by hand.
Explanations are built from market data and are not financial advice.