$SOMI Uptrend With a Strong Unconfirmed Bearish Approach
SOMI is currently trading in an overall uptrend, but recent price behavior suggests a strong yet unconfirmed bearish approach. This phase is critical, as it may define whether the trend continues or transitions into a corrective move.
Market Structure:
SOMI remains above key higher-timeframe support levels, confirming the broader bullish structure.
Higher highs and higher lows are still intact, indicating buyers have not lost full control of the trend.
Bearish Signals (Unconfirmed):
Short-term price rejection near resistance hints at potential seller pressure entering the market.
Momentum indicators are showing early signs of weakening, suggesting a possible slowdown rather than a confirmed reversal.
Technical Perspective:
Volume has not yet validated the bearish move, keeping the downside scenario unconfirmed.
As long as SOMI holds above its key demand zone, the bearish approach remains corrective within the uptrend.
Market Sentiment:
Traders are cautious, with some taking partial profits while others wait for confirmation before repositioning.
Sentiment remains neutral-to-bullish, but risk awareness is increasing at current levels.
SOMI’s trend remains bullish, but the emerging bearish pressure warrants close monitoring. Without confirmation through structure break or strong volume, the current pullback should be treated as a potential retracement rather than a full trend reversal.
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