ANALYSING DATA 🔺
$SOMI is currently trading at $1.020 , up 5.82% today, showing renewed strength after a recent correction.
The MA(7) at 0.9998 and MA(25) at 0.9761 are both above key supports and approaching the MA(99) at 1.0466, which is acting as the main resistance level. Earlier, $SOMI formed a golden cross near the 0.70–0.80 zone, triggering a strong rally to 1.9061 before pulling back. Now, consolidation is visible with candles respecting the 0.90 support zone.
Volume has cooled since the peak but remains healthy, with a 24h volume of 71.21M, reflecting active trading interest. The price action suggests a tug-of-war between bulls aiming for a clean break above MA(99) and bears defending this zone. Intraday volatility remains notable, with a 24h high of 1.0365 and low of 0.9227.
Short-term traders may eye a breakout above $1.05 for bullish momentum, while long-term investors will want to see higher lows forming. The daily performance is green across 7-day and 30-day frames, indicating positive sentiment. Overall, $SOMI appears to be stabilizing after its explosive run, and the next few candles could define its mid-term trajectory.
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