Why is SOON’s price up today? (20/12/2025)

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Accepted Answer

## TLDR  
**SOON rose 27.4% over the last 24h**, outperforming the broader crypto market (+1.82%) and reversing a 6.33% weekly loss. Key drivers include a new futures listing, technical rebound signals, and reduced supply pressure from a governance proposal to delay token unlocks.

1. **New Derivatives Listing** – WEEX Futures launched SOON perpetual contracts (December 4) with up to 50x leverage.  
2. **Supply Dynamics** – SIP-004 proposal to lock 15.92M SOON tokens (5.3% of circulating supply) until December 23.  
3. **Technical Rebound** – Price reclaimed key moving averages as RSI (40) exited oversold territory.

## Deep Dive  
### 1. Derivatives Expansion (Bullish Impact)  
**Overview:** WEEX Futures listed SOON/USDT perpetual contracts on December 4, 2025, enabling leveraged trading up to 50x. This followed SOON’s 849% rally in November after HTX listings, suggesting traders anticipated similar volatility.

**What this means:** Derivatives listings typically boost liquidity and speculative interest. The 267% surge in SOON’s 24h spot volume to $32.8M confirms heightened activity. However, high leverage (funding rate: +0.0039%) raises liquidation risks if momentum stalls.

**Watch:** Open interest changes on WEEX and whether bulls sustain prices above the $0.383 pivot point.

### 2. Token Unlock Delay Proposal (Mixed Impact)  
**Overview:** A governance proposal (SIP-004) aims to stake 15.92M SOON tokens (worth $6.26M) scheduled for November unlocks, delaying sell pressure until December 23.

**What this means:** While this reduces immediate supply, only 58% of the total 984M supply is circulating. Historically, SOON faced 30-70% drops post-unlock (e.g., November 23 unlock caused a 44% weekly crash). Approval could stabilize prices short-term but shifts risk to year-end.

**Watch:** Voting outcome on SIP-004 and NFT holder behavior around the December 23 unlock.

### 3. Technical Rebound (Neutral/Bullish)  
**Overview:** SOON reclaimed its 7-day SMA ($0.366) and pivot point ($0.383), with MACD histogram turning positive (+0.0249). The RSI14 rose from 30 (oversold) to 40, suggesting bear exhaustion.

**What this means:** The bounce aligns with the 23.6% Fibonacci retracement level ($0.393). However, the 30-day SMA ($0.488) looms as resistance – a break above could target $0.507 (78.6% Fib), while failure risks retesting November lows near $0.297.

**Watch:** $0.488 resistance and whether RSI14 sustains above 50.

## Conclusion  
SOON’s rally combines tactical buying around derivatives growth and delayed supply risks, but sustainability hinges on overcoming overhead resistance and managing unlock-related volatility. **Key watch:** Can SOON hold above $0.383 with rising volume, or will profit-taking erase gains ahead of the December 23 unlock?

Latest SOON (SOON) Price Analysis

TLDR

Deep Dive

1. Derivatives Expansion (Bullish Impact)

2. Token Unlock Delay Proposal (Mixed Impact)

3. Technical Rebound (Neutral/Bullish)

Conclusion

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