❓ Why is the price of SOMI dropping today? 🤔
In the past few hours, the SOMI currency has seen a noticeable decline in price, currently trading between:
1.56 – 1.58 USD ⬇️
- Current price: ~1.56 – 1.58 USD ⬇️
- Decline ~-12% in the last 24 hours.
- Reason: Profit-taking after reaching ATH at 1.84 USD.
- Strong support at 1.50 USD — if it holds, a rebound opportunity!
- But breaking 1.11 USD may indicate further decline.
🔍 Key potential reasons:
Profit-taking after SOMI reached its all-time high (ATH ~1.84 USD).
Natural market fluctuations after recent strong rallies.
Increased selling pressure from large whales aiming to retest support levels.
🚀 Do you expect SOMI to rebound soon, or is the correction ongoing?
Share your opinion 👇
