Somnia (SOMI/USDT) is the token for an EVM-compatible Layer 1 blockchain focused on high-performance applications in gaming, social, metaverse, and DeFi.
Latest Price Update (as of recent market data): SOMI is trading around $0.23 USD, with a market cap in the ~$50M range and high 24h trading volume exceeding $120M on major exchanges like Binance.
Recent performance shows volatility: the token experienced a sharp correction, dropping around 14% in the last 24 hours and underperforming the broader market over the past week (down ~13%). It has pulled back significantly from its all-time high near $1.90 earlier in late 2025.
Technical Outlook:
On shorter timeframes (e.g., 4H/daily charts from TradingView), SOMI has shown signs of potential bottoming with bounces from key support zones, increasing volume on upswings, and some bullish continuation patterns forming. However, it's currently in a consolidation phase with bearish pressure still evident (RSI/MFI indicating seller control in recent moves). A hold above lower supports (~$0.20–0.23) could set up for recovery toward $0.30–0.40 resistance, but a break below risks further downside.
Overall sentiment remains mixed—high volume suggests interest, but the Layer 1 space is competitive, and price action reflects post-launch correction typical for new projects.
(Charts above show recent SOMIUSDT price action and technical patterns from sources like TradingView/CoinGecko. Always DYOR and note crypto markets are highly volatile.)
