Let us present the technical analysis for the reasons behind the rocket rise of the $SOMI currency 🚀
Have you noticed the insane rise of the SOMI currency? 📈 This rise is not just luck; it is the result of strong technical analysis highlighting the underlying reasons for this massive surge. Let's dive into the chart and uncover the secrets behind this exceptional performance. 👀
1. The potential power in price movement 📊
The rise of SOMI has not been ordinary; it has been almost vertical🗼. This parabolic rise started from levels around 0.30 dollars, but more importantly, is the massive trading volume that supported it. 🌊 The long green candles at the bottom of the chart are the conclusive evidence. This combination of sharp rise and huge volume confirms the presence of real buying power from the 'whales' 🐳 and not just fleeting speculation.
2. The OBV indicator reveals the flow of liquidity 💰
If you take a look at the On-Balance Volume (OBV) indicator, you will notice that it is in a very sharp upward trend. This indicator is a mirror of the liquidity flows in the currency. Its rise in this manner confirms that every large trading volume is net buying, which means that big money is flowing into the currency and pushing its price higher. This massive support guarantees the continuity of the upward trend.
3. The MACD ignites the momentum ✨
The MACD indicator sends an undeniable signal. The clear bullish crossover at the bottom of the chart, with the increasing distance between the two indicator lines, indicates that the upward momentum is accelerating. 🚀 As long as this widening continues, the upward strength of SOMI remains.
The final technical summary 🎯
The rise is not random! 🤯 All technical indicators (trading volume, OBV, MACD) agree that $SOMI is supported by strong liquidity and unwavering momentum. This rise is not just a bubble, but a movement driven by strong technical analysis.
Important watch areas: 🧐
Resistance: The recent peak at ~1.23 dollars is the first significant area to watch.
Are you ready to ride the wave? 🏄♂️