$SOMI recently hit $1.84 ATH but is now showing signs of cooling.
๐ป Why it may go down:
Profit-taking after big rally
$SOMI Open interest dropped ~50% (less trader demand)
Token unlocks adding supply
Key support at $1.03 / $1.00 โ if broken, risk toward $0.50-$0.60
โ What could hold it up:
Strong ecosystem/news
Buyers defending $1.00
Break above $1.30-$1.40 could restart momentum
My view: Short-term pullback is likely (60-70% chance). Watching $1.00 support is critical.
SOMIUSDT
Perp
0.1972
+0.40%