$SOMI Market Outlook
At present, $SOMI is trading close to $0.7850, reflecting nearly an 11% correction after facing rejection around the $0.8980 resistance zone. Sellers pressed the price lower, but it is now testing a critical support near $0.7790.
If this support holds, a short-term rebound could drive the price back toward previous highs. However, if the level breaks, the market may extend its downside before finding fresh demand. Despite these fluctuations, $SOMI continues to gain recognition as a Layer 1 project with strong fundamentals and long-term growth potential.
Investors are closely watching whether the current range becomes a launchpad for recovery or a signal of deeper consolidation in the coming sessions.
