$SOMI – TECHNICAL MOMENTUM ANALYSIS

Execution Levels:

Entry Zone: 0.1945 – 0.1950 (Reclaiming the hourly trendline)

Stop Loss: 0.1880 (Safety below the recent consolidation wick)

Target 1: 0.1990 (Local Resistance / 50-EMA)

Target 2: 0.2100 (Psychological Gap Fill)

Target 3: 0.2300 (Macro Pivot / 7-day Simple Moving Average)

Sentiment: Bullish Mean Reversion / Ecosystem Play 📈⚡

The price is currently attempting to break out of a descending wedge on the 1-hour chart.

The Recovery: SOMI has successfully held the $0.184 support floor for the last 48 hours. The move back toward your entry zone of $0.1945 would represent a reclaim of the immediate 1H 20-EMA, which often triggers algorithmic buying.

The Catalyst: On-chain activity remains a strong fundamental anchor. Despite the price weakness, the Somnia Dreamathon Incubator (launched Jan 12) is beginning to showcase its first cohort of metaverse dApps. As these projects move toward their own milestones, the demand for SOMI as the "fastest L1 trader" for these real-time experiences is starting to re-emerge.