Somnia’s native token, SOMI, has drawn strong market attention since the recent launch of its Ethereum-compatible mainnet. The excitement fueled a rapid rally, propelling the token to an all-time high of $1.90 by Sunday.
However, the surge also triggered a wave of profit-taking, which is now weighing heavily on its price and raising the risk of deeper declines.
Profit-Taking Hits SOMI After Launch Rally
Readings from the SOMI/USD four-hour chart show the token’s Money Flow Index (MFI) declining, reflecting the uptick in selloffs.
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