SOMI Currency Analysis

🔹 Current Price: 0.9096 USDT

🔹 24-Hour Change Percentage: -1.87%

🔹 Highest Price in 24 Hours: 0.9495 USDT

🔹 Lowest Price in 24 Hours: 0.8433 USDT

🔹 Trading Volume: 34.47M USDT

Technical Analysis:

After the currency recorded a strong peak at 1.90 USDT, it returned and entered a clear downward movement.

The nearest support currently is at 0.84 – 0.85 USDT, and the nearby resistance is at 0.95 – 1.00 USDT.

The RSI indicator is at 33 → close to oversold areas, which could open the door for a short-term upward rebound.

The short-term moving averages still indicate continuous selling pressure.

Predictions:

Short-Term (Next Two Days):

🔸 If the price maintains the support area of 0.84 – 0.85, there is a possibility we might see a rebound to the level of 0.95 – 1.00.

🔸 But if it clearly breaks 0.84, the decline could extend to the range of 0.75 – 0.70.

My Personal Opinion:

The currency is still in a correction phase after a very strong rise from 0.30 → 1.90, which is normal.

Those who want to buy must wait for a clear reversal signal or confirmation of a rebound from support.

Short-Term: Possibility of sideways/corrective movement.

Medium-Term: If it can maintain 0.84, it may build a new upward wave.

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