Technical Analysis – $SOMI

SOMIUSDT

Perp

0.2728

+6.27%

/USDT

Long Trade Signal

Price is trading near 0.3462 after a strong impulsive move from the 24h low at 0.2542. The breakout is supported by very high volume, signaling strong buyer dominance. Price structure shows higher highs and higher lows on the intraday timeframe, suggesting continuation after minor pullbacks.

Trade Setup (Long):

Entry: 0.3350 – 0.3500

TP1: 0.3800

TP2: 0.4200

TP3: 0.4700

SL: 0.3000

Market Outlook:

Short-term momentum remains bullish as long as price holds above the 0.32–0.30 support zone. A sustained move above 0.38 can trigger further upside expansion; otherwise, healthy consolidation is possible before continuation.

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