$SOMI

SOMI/USDT Technical Analysis

Current Price: 0.4849 (+61.63% in 24h)

24h Range: 0.3000 – 0.6600

24h Volume: 256.85M SOMI (≈ 127.81M USDT)

Trend and Moving Averages

MA(7): 0.4801 → Price slightly above short-term average (bullish).

MA(25): Not available (insufficient data).

MA(99): Not available (coin is new or lacks history).

Trend: SOMI is in a strong uptrend after a major breakout from 0.30 support, touching 0.66 before retracing to 0.48. Price is currently consolidating after a volatile surge.

Key Levels

Resistance 1: 0.5200 (short-term resistance)

Resistance 2: 0.5980 – 0.6600 (major breakout zone from 24h high)

Support 1: 0.4400 (immediate support)

Support 2: 0.3610 (mid-range support)

Support 3: 0.3000 (24h low, strong base support)

Volume and Momentum

Very high volume surge indicates strong speculative interest.

Momentum is still bullish, but the pullback from 0.66 shows profit-taking.

If volume sustains, volatility will remain high in coming sessions.

Outlook

Bullish Scenario:

If SOMI holds above 0.44 and breaks 0.52, upside targets are:

→ 0.60

→ 0.66

Bearish Scenario:

If price fails to hold 0.44, next downside targets are:

→ 0.36

→ 0.30

Summary

SOMI has shown extreme volatility with a sharp rally from 0.30 to 0.66. Currently consolidating around 0.48, trend remains bullish above 0.44, but traders should expect high risk due to sudden swings.

Bias: Bullish above 0.44

Risk: A drop below 0.36 may trigger deeper correction towards 0.30.