🚀 1. What is the Somnia (SOMI) currency?
Somnia is a cryptocurrency built on a Layer 1 blockchain, aiming to provide a fast and low-cost network for decentralized applications, processing millions of transactions per second with extremely fast confirmation times. The project is compatible with Ethereum (EVM), meaning that Ethereum contracts can be easily run on its network.
The SOMI token is used in:
• Gas fees on the network.
• Governance and voting on network decisions.
• Institutional storage and incentives through staking as designed.
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💰 2. Tokenomics
📌 Name: Somnia (Symbol: SOMI)
📌 Network type: Layer 1, EVM compatible.
📌 Maximum supply (Total Supply): 1,000,000,000 SOMI
📌 Current circulating supply: Approximately 160,200,000 SOMI (~16% of total).
📌 Economic model: Half of the gas fees are burned (deflationary) → reduces supply over time and stimulates scarcity.
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📊 3. Current price (almost real-time update)
📌 Current price: Approximately $0.30 – $0.31 USD per SOMI according to exchanges and trading pairs.
📌 Market capitalization: Approximately $45M – $53M USD.
📌 All-time high price: Approximately $1.90+ (recorded during 2025).
📌 Recent lowest price: Approximately $0.21 recently.
Note: Prices are volatile and may vary slightly from platform to platform in real-time.
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📈 4. Summary of SOMI technical analysis
🧠 General technical outlook
✔️ The price is currently moving in a sideways/wavy pullback range after bouncing from low support levels, with a slight upward bias weekly.
✔️ Indicators like MACD and RSI show a neutral to slight bullish condition in the short term, with the potential for price fluctuations to continue.
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📉 Important support levels
🔹 First support: ~$0.24 – $0.25 — a strong range to defend against declines.
🔹 Second support: ~$0.20 – $0.22 — an important psychological and technical level.
✅ A strong price break below $0.24 may push it down toward $0.20.
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📈 Major resistance levels
🔸 First resistance: ~$0.28 – $0.30 — a current testing level!
🔸 Second resistance: ~$0.36 – $0.40 — a medium-term barrier.
🔸 Strong resistance: ~$0.58+ — a medium/long-term barrier.
📌 A closing breakout above $0.30 with strong trading volume may indicate continued upward momentum.
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📊 Technical support temporarily
• RSI near the 50 line → indicates a balance of buying and selling forces.
• The price is likely to remain within the current trading range unless macro market conditions improve.
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🧩 5. Strengths of the Somnia project
⭐ Very fast Layer 1 chain that is EVM compatible → facilitates the transfer of applications and contracts from Ethereum.
⭐ An economic model with the advantage of scarcity through partial burning → may support the token's value in the long term.
⭐ Listing on major exchanges (like Binance) → increases liquidity and interest.
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👀 6. Overall assessment
📌 Project strength: Relatively strong from a technical perspective (high-performance Layer 1).
📌 Tokenomics: Clear and has a maximum supply, with burning mechanisms that enhance scarcity.
📌 Current price: Around $0.30 with strong fluctuations.
📌 Technical trend: Neutral/slightly bullish in the short term — needs a breakout of resistance support to confirm an upward move.
📌 Support/Resistance: Between $0.24–$0.30 the actual trading range.
✅ Entry points
0.29
0.27
❇️ Goals
0.44
0.65
0.845
🔴 stop loss
A strong price break below $0.24 may push it down toward $0.20.
This is not investment advice but personal analysis; do your own research and invest a small portion of your capital due to the high volatility of this currency.
