$SOMI USDT Market momentum report

Surfing strength

$SOMI USDT has shown a significant increase with the current price at 05212 marking an impressive 667 percent increase in the past 24 hours. This solid movement indicates a strong bullish momentum as traders continue to build confidence in the coin. The 24-hour range between 04840 and 05294 highlights the swift recovery from pullbacks while maintaining upward momentum. Trading volume remains strong with over 1173 million SOMI exchanged, indicating active participation and renewed interest from investors around support levels.

The one-hour chart pattern shows stable consolidation above the 050 level after testing the recent high of 05294. This formation suggests that buyers are holding control and preparing for another potential breakout if volume holds. The continuous green candles reflect strong buying pressure, and if the trend continues, SOMIUSDT may test resistance levels near 05320. Traders may look for opportunities in pullbacks towards 05050 or 05000 as favorable entry points with hopes of short-term profits near 05350 to 05500. Market sentiment remains optimistic, suggesting further upside potential for sharp traders carefully monitoring momentum.$SOMI