$SOMI

SOMI

0.3439

-5.28%

USDT 15m chart is currently in a downtrend but there is a temporary support forming around the 04892 level The market has slightly bounced from this zone and is now trading at 04962

Analysis

The price has been forming lower highs and lower lows indicating a bearish trend

04890–04900 is acting as a strong short term support zone

Resistance is near the 05050–05130 area

Possible Moves

If the price closes above 05050 short term bullish reversal chances increase

If the price breaks below 04890 it may fall further toward 04750

TP 05050 05130

SL 04880