$SOMI CRASHES 19%: RECOVERY OR ROUT?
SOMI is trading at $0.4020, down a massive -19.47% in 24 hours. The token is in freefall after breaking below all major support levels.
CRITICAL LEVELS:
· SUPPORT: $0.3916 (24h Low)
· RESISTANCE: $0.4404 (Recent Breakdown Level)
URGENT INSIGHT:
SOMI is trading well below its 7-day and 25-day moving averages, indicating severe bearish momentum. The volume is extremely high, confirming panic selling.
The 24h low of $0.3916 is the last line of defense. If this breaks, the selloff could accelerate dramatically.
TRADER'S WARNING:
This is a high-risk situation. Avoid catching falling knives.
Wait for consolidation and confirmed reversal signals before considering entries.
ONLY CONSIDER LONG IF:
Price reclaims $0.44 with heavy volume.
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