Update SOMIUSDT – 3 Nov 2025, Morning :
Current price $SOMI : 0.3675
🔺 Upward Scenario:
Price has touched the low area of 0.3661 and appears oversold on the MACD indicator. If the price can hold above 0.3660 and a green reversal candle emerges, there is a chance of a pullback towards the area of 0.3770 – 0.3850 (testing MA-7 and MA-25).
Upward target: 0.3770 – 0.3850
🔻 Downward Scenario:
Selling pressure remains strong as long as the price stays below MA-7 (0.3797). If it breaks down 0.3660, the downward trend may continue to 0.3580 – 0.3500. Note that all three MAs (7, 25, 99) are still declining in parallel, indicating the trend is still bearish.
Downward target: 0.3580 – 0.3500
📝 Conclusion:
SOMIUSDT is still in a short-term downtrend phase. Wait for a reversal confirmation above 0.3750 for a short-term long opportunity, or consider continuing short if the 1D candle closes below 0.3660. #dyor
