Somnia is a new public chain that has gained a lot of attention in the Web3 space this year. Shortly after its mainnet launch, it achieved a high trading volume and topic relevance. It claims to be able to achieve millions of TPS, sub-second confirmations, and EVM compatibility, making it suitable for high-concurrency scenarios like games, the metaverse, and NFTs. It is considered a "Web3 chain wanting to provide a Web2 experience." This is one of the reasons for the particularly hot short-term market sentiment.

@Somnia_Network

In terms of price, SOMI surged quickly after its launch, reaching nearly $1.8 at one point before starting to fluctuate and retreat, now hovering around $1. This kind of trend is quite typical: early enthusiasm + capital-driven surge results in a large bullish candle, followed by profit-taking, short-term capital withdrawal, and market consolidation. The psychological barrier around $1 is crucial; if it can hold and volume increases again, there may be a rebound to challenge previous highs; if it falls below this line, a deeper correction may be seen in the short term.

From a sentiment perspective, the project itself has certain fundamental support and is not just an "air coin." Ecosystem development, partnership news, and real user growth can all influence mid-to-long-term trends. Conversely, if it is just speculation, applications are delayed in landing, and there is excessive unlocking pressure, $SOMI then the price can easily fluctuate or even weaken.

My own view is: in the short term, #SOMİ there is a high probability of fluctuating between $0.9 and $1.2, unless there are significant positive developments or large capital inflows; in the medium term, it depends on whether the projects on the mainnet can continue to emerge and whether there are new partnerships and actual user growth. If the fundamentals materialize, revisiting previous highs is not impossible, but patience is required, and one must pay close attention to unlocking and circulation volume.

In summary, this project indeed has potential, but the volatility is also significant. For short-term trading, it's essential to manage positions and stop-losses well; for mid-to-long-term, one should focus on ecosystem development and token economics, and avoid blindly chasing highs. This is my simple analysis of SOMI's current trend, and everyone is welcome to refer to it and contribute to the discussion.