$SOMI at Turning Point – Can Bulls Defend $1.50?
$SOMI is trading at $1.51, showing a strong +39% daily recovery after hitting a recent low near $1.08. Price is consolidating just above a key support zone, where momentum could decide the next leg — either a bullish bounce or renewed selling pressure.
Key Levels to Watch
• Resistance: $1.62 – Breaking above here opens room for a push toward $1.75 → $1.90.
• Support: $1.50 – Losing this level may invite sellers, targeting $1.42 → $1.30.
Trade Setup – Be Prepared
Bullish Entry:
Breakout above $1.62 could trigger upside moves toward:
• TP1: $1.75
• TP2: $1.90
Bearish Entry:
Breakdown below $1.50 could extend downside toward:
• TP1: $1.42
• TP2: $1.30
Final Note
$SOMI is at a make-or-break level. Holding above $1.50 favors bulls with potential continuation, while a breakdown risks a deeper correction. Traders should stay alert for a decisive move.
