$SOMI / USDT — Downside Stabilization Attempt

Market Update

$SOMI saw downside liquidations and is attempting to stabilize near local lows.

Key Support Zones

• Liquidation base

• Intraday support

• Breakdown zone

Key Resistance Zones

• Near-term supply

• Trend flip level

• Major resistance

Market Structure

• Lower highs

• Weak recovery attempts

• Sellers active

Bullish Case

Reclaim of trend flip level may allow relief move.

Bearish Case

Failure to hold base keeps downside open.

Bias

Bearish

Note

Wait for strength to appear before entries.

$SOMI

SOMIBSC
SOMIUSDT
0.2054
-0.38%

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