$SOMI /USDT just popped off in a serious rally—up nearly +27% in 24h. That’s big volume plus strong momentum. Let’s break it down step by step:
Price & Range
Current price: 1.1303
24h High: 1.1899
24h Low: 0.7527
That’s a huge swing range, showing aggressive buying and volatility.
Volume & Sentiment
24h Vol(SOMI): 246.13M tokens
24h Vol(USDT): 243.97M USDT
Volume almost mirrors the market cap turnover, meaning very high liquidity and hype.
Indicators
SAR (Stop and Reverse): 1.0016
Since price is well above SAR, trend is strongly bullish.
Breakout level tested: 1.19, rejection zone right now.
Support & Resistance
Immediate resistance: 1.19 – 1.23 (today’s high + extension)
Support zone: 1.05 → 1.00 (SAR & pullback base)
Deeper support: 0.87 → 0.75 (prior demand zone)
Quick Setup Idea
Entry (safe pullback): 1.05 – 1.08
Stop Loss: Below 1.00
Targets: 1.19 → 1.23 → 1.30
Bottom Line
SOMI is in a parabolic pump phase. These Layer-1 rallies often keep squeezing higher, but the retracements are brutal when momentum cools. The key pivot is 1.00—as long as bulls defend that, upside stays open.