Somnia ($SOMI I) has grown by 22.77% in the last 24 hours, outperforming its metrics for 7 days (+17.61%) and 30 days (+81.9%). This growth is associated with new listings on exchanges, the launch of the mainnet, and positive technical signals. Key factors:
Demand due to the mainnet: increased network activity due to NFT minting and quest completions.
Momentum from exchanges: new listings on KuCoin, Gate, and OrangeX have increased liquidity.
Technical breakthrough: the price has surpassed important resistance levels with a high RSI (72.58).
Technical analysis, $SOMI 7-day relative strength index (RSI) is 72.58, which is in the overbought zone. This may indicate strong demand and active buying. Moving averages of $SOMI also show that the current price ($1.25) is above the 7-day simple moving average ($1.22), confirming a bullish trend.
The mainnet is already operational, and users are actively creating NFTs and participating in quests on the Somnia network. Such activity increases demand for SOMI, as the token is needed for transactions. Additionally, the partnership with QuickSwap, which is launching on Somnia, may increase activity in the ecosystem and enhance the token's utility.@Somnia_Network #Somnia