$SOMI is showing strong bullish activity, currently trading around 0.299 with a ~+9% move in the last 24 hours. After a sharp impulse from the 0.287 support, price pushed into 0.3235, followed by a healthy pullback and consolidation — a classic bullish continuation structure.
On the 1H timeframe, candles show higher lows and sustained demand near 0.295–0.300, indicating momentum is rebuilding rather than breaking down.
Market Structure Insight
Key Support: 0.293 – 0.295
Immediate Resistance: 0.309 – 0.310
Major Resistance / Breakout Zone: 0.323 – 0.325
As long as price holds above the support band, bulls remain in control.
Trade Setup (Spot / Low-Leverage Friendly)
• Entry Zone: 0.295 – 0.300
• Target 1 : 0.309 (local resistance)
• Target 2 : 0.323 (recent high retest)
• Target 3 : 0.340 – 0.350 (expansion move if breakout confirms)
• Stop Loss: 0.287 (below structure & liquidity sweep)
Scenario Outlook
If 0.3235 is broken with strong volume, SOMI can enter a momentum expansion phase, targeting the 0.34+ zone quickly. The pullback so far looks corrective, not distributive — which favors another push up.
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