Even the new projects are showing a lack of bearish momentum. In this case, Somnia, the downtrend has been broken more than two months ago, 7-December 2025.
"Somnia (SOMI), a EVM-compatible L1 blockchain with a focus on mass consumer applications such as games and entertainment products."
These past two months, December and January, we see a bottom being established. We can clearly see and appreciate a lower low, but there was also a bullish breakout late January before this recent lower low. Which shows that these are general price swings, market noise.
If the action was happening down, down and more down only; but no, it goes up and down, up and down within a range, sideways. This is the transition period.
The downtrend ends, the market goes sideways with the usual swings and then the start of a new trend, the uptrend.
So all looks good and here we have additional proof.
This chart is young and it can be said that a new downtrend is as likely as an uptrend, but, when we take into consideration the entire market, and the fact that it has been crashing for years with trading volume being very low, we know that sellers ran out of ammunition.
The RSI hit extreme oversold conditions on thousands of trading pairs, the MACD the same. These are the signals that reveal that lower is not likely nor possible, we are going up next.
New projects or old projects, we are going up. I will continue to show you many altcoins with huge potential for growth.
"Buy when the action is happening at support." "Buy when prices are low."
This is another signal based on common wisdom, it is not very attractive to buy today. And that's how it always goes.
Doesn't it feel very tempting to jump in strong when prices are up? What is the mood now?
Something like, "stay away." This is the signal that lower is no longer possible.
This feeling of a depressed market is because the market is depressed, the market only becomes depressed at bottom prices, never at all-time highs.
When there is excitement, euphoria, greed and maximum growth, that's the time to be cautious. When the market is quiet, shy, slow and trading low, that's the time to be an optimist and load up. Buy as much as you want because the bottom will only last a few months.
Once the bottom is gone, it won't be revisited for years to come. Sometimes, the bottom is never visited again. Think about it. The Cryptocurrency market is offering great bargain prices.
Thank you for reading.
Namaste.
â Trade here on $SOMI
