$SOMI
Somnia (SOMI) is currently trading at $0.5561, $0.557, $0.5986, or $0.612, with recent price changes ranging from +2.61% to +12.52% in the last 24 hours.
*Technical Analysis:*
- *Trend:* SOMI shows a strong bullish trend, supported by upward-sloping trendlines and consistently forming higher highs and higher lows.
- *Support Levels:*
- *Immediate Support:* $0.5065-$0.5143 (recent low), $0.515-$0.525 (accumulation zone)
- *Strong Support:* $0.5177 (SMA 20), $0.50
- *Resistance Levels:*
- *Immediate Resistance:* $0.6152 (upper Bollinger Band), $0.5940 (recent high)
- *Higher Resistance:* $0.62-$0.63, $0.80
*Trading Setup:*
- *Entry Zone:* Consider buying above $0.515-$0.525 or $0.5290 with confirmation.
- *Take Profit:*
- *Short-term Targets:* $0.59-$0.62, $0.6152
- *Long-term Targets:* Higher resistance levels
- *Stop Loss:* Set a stop loss below $0.50-$0.5065 or $0.4089 to limit potential losses ¹ ² ³.
