#CryptoTrading. #TechnicalAnalysiss

📊Technical Analysis (1 hour) $SOMI /USDT

1. Price and Trend: Current price is 0.8388 with an increase of +45.17%. The chart shows a strong uptrend over the past 1 day, supported by rising candles.

2. Bollinger Bands (20, 2): The price has approached the upper limit (0.8779), which may signal overbought conditions. The middle line (0.7123) and the lower line (0.5466) indicate a wide range of fluctuations.

3. MACD: DIF (0.0641) exceeds DEA (0.0588), and MACD (0.0053) is positive, confirming the uptrend. However, a weak MACD value may indicate a possible exhaustion of momentum.

4. RSI: The values ​​of 85.4383 (STOCHRSI) and 82.1470 (MASTOCHRSI) are in the overbought zone (>70), which may portend a correction.

5. Volumes (VOL): The increase in volumes (from 33.78M to the peak) supports the upward movement, but a sharp decrease may signal a weakening of interest.

6. Other indicators:

• KDJ: Indices have not yet shown, but the probability of overbought is high.

• OI: Open interest has increased (31.6M to 24.8M), which may indicate trader activity.

• MA/EMA: Short-term averages cross the long-term ones upwards, supporting the trend.

⚠️Conclusion: The current trend is up, but high overbought (RSI, Bollinger Bands) and possible momentum exhaustion (MACD) indicate a risk of correction. It is recommended to monitor the volumes and the support level around 0.7123 (Bollinger average).