$SOMI /USDT Bullish Continuation After Pullback – Momentum Still Strong
Technical Analysis:
$SOMI has delivered a strong +33% impulsive rally, printing a high near 0.3515 before entering a healthy pullback. Price is currently consolidating around 0.29–0.30, holding above the prior breakout zone and forming a bullish flag / higher-low structure on lower timeframes.
Volume remains elevated (100M+ SOMI traded), suggesting buyers still control the trend. The retracement looks corrective rather than distributive, indicating potential continuation toward new highs if support holds.
Key observations:
Higher highs & higher lows (uptrend intact)
Pullback into previous resistance → now support (~0.27–0.28)
Momentum cooling = setup for next expansion leg
Break above 0.32–0.35 could trigger breakout continuation
📈 Trade Setup (Long)
Entry Range: 0.285 – 0.305
Target 1: 0.325
Target 2: 0.350
Target 3: 0.400
Stop Loss (SL): 0.265
🧠 Short Outlook: