In the past 24 hours, $SOMI has recorded a growth rate of +53.82%, with the current price around 0.8080 USDT. This is one of the most volatile coins in the spot market.
1. Technical Chart
The 4-hour frame shows a clear upward trend. From the bottom area of 0.30 USDT, the price has continuously climbed and reached a short-term peak at 0.8546 USDT before a slight correction.
Important resistance area: 0.85 – 0.88 USDT. This is the first psychological test level; if successfully broken, SOMI could aim for 1.0 USDT.
Nearest support: 0.63 – 0.65 USDT. This is the price range that previously accumulated before the breakout, playing an important role in maintaining the upward trend.
Trading volume (Volume): Strong surge, reaching over 160M SOMI in 24 hours, indicating dominant buying force.
2. Basic Perspective
SOMI belongs to the Layer 1/Layer 2 segment, attracting attention in the foundational coin group. The fact that this coin has entered the Top gainer group helps short-term capital flow in strongly. However, this can also be a double-edged sword as 'profit-taking' from early investors may occur.
3. Hidden Risks
Rapid fluctuations: Increasing more than 50% in a day makes the likelihood of short-term adjustments very high.
FOMO Entry: Many investors tend to chase after prices that have pumped, easily getting stuck at the peak.
Distribution ability: If buying volume gradually decreases, selling pressure may dominate causing the price to fall back to the support zone of 0.6x.
4. Reference Strategy
For those who do not have a position yet: Should wait for a correction towards the support zones 0.65 – 0.68 to optimize the risk/reward ratio.
For those who bought early: Can take partial profits at the range of 0.85 – 0.88 and keep a portion for a breakout expectation.
Absolutely do not go all-in, as the current hot increase is likely accompanied by high risks.
5. Prospects
If the overall market is favorable and SOMI maintains liquidity, it is highly likely that this coin will approach 1 USDT in the short term. Conversely, if buying pressure weakens, a correction to 0.6x is a normal scenario.
👉 In summary: SOMI is in a strong upward trend, but high volatility means high risk. Controlling emotions, managing capital, and patiently waiting for reasonable entry points will be more important than chasing FOMO.