$SOMI
According to recent #CoinMarketCap AI analysis, $SOMI dropped ~32% over 24 hours recently, even as it had weekly gains, and broke key support at ~$0.245 (30-day SMA) — a bearish technical sign. Low liquidity amplified the sell-off.
The broader crypto market’s “Fear” sentiment and rising Bitcoin dominance also pressured altcoins like #SOMI . �
🔁 Volatility and Momentum Swings
#SOMI has historically shown massive 24-hour moves — sharp gains (e.g., +70 %, +180 %, +700% in past rallies) and sharp pullbacks. This highlights extreme short-term volatility rather than sustained trend strength. �
Technical indicators like RSI have flipped between overbought and bearish levels in rapid succession, consistent with speculative momentum trades. �
📌 Support & Resistance to Watch (from recent analyses)
Near-term support zones: ~$0.22–$0.31 (if liquidity returns).
Resistance levels: ~$0.39+ needs retest for reversal of small-term downtrend.
Continued breaches below key moving averages can drive further technical selling. �
#WhoIsNextFedChair #GoldOnTheRise
