$SOMI Market Update

SOMI just experienced a notable long liquidation around $0.29836, which usually signals that weak hands have been flushed out. This kind of move often brings short-term volatility but can also open the door for a structured recovery if buyers step in with confidence.

Key Levels to Watch

Support zone sits near $0.285 – $0.290, where price previously showed stability. A deeper cushion can be found around $0.270 if selling pressure increases.

On the upside, immediate resistance stands at $0.315, followed by a stronger barrier near $0.335.

Market Insight

Momentum looks cautious but not broken. After liquidations, price often consolidates before choosing direction. If volume starts rising near support, it may hint at accumulation rather than further weakness.

Trade Ideas

Potential buy area lies between $0.288 – $0.292, ideally after signs of price holding steady.

A safer sell or partial profit zone could be around $0.315, with extended targets near $0.330 – $0.335 if bullish energy builds.

If price slips below $0.270, it’s wiser to step aside and reassess.

Next Move

Patience is key here. Let the market confirm strength at support before committing fully. A clean break above resistance could turn sentiment positive again.

let's go and Trade now $SOMI