{spot}(SOMIUSDT)

Analysis:-

Currency: SOMI/USDT
Time Frame: 15 minutes
Current Price: 0.9298 USDT
Daily Change: +11.01%

🔹 Technical Notes:

Short-term General Trend

There is a slight upward trend in the short term after the price bounced from the area of approximately 0.91.

The recent green candles with moderate trading volumes indicate an attempt to break the resistance at 0.93.

Nearby Resistances

First Resistance: 0.9300 – 0.9330 (currently being tested, with slight rejection noted).

Second Resistance: 0.9400 (if broken, the rise may accelerate).

Nearby Supports

First Support: 0.9200

Second Support: 0.9100 (if broken, the price may return to test 0.89 – 0.90).

Secondary Indicators

The Fractals indicator shows repeated peaks and troughs, indicating short-term volatility.

Trading Volume is slightly increasing, supporting the continuation of the current positive momentum.

🔸 Technical Recommendation (Short-term):

✅ Potential buy trade if closing above 0.9330 with a first target at 0.9400 and then 0.9550.

❌ Stop loss below 0.9150 to guard against breaking the small upward trend.

If the price rejects at 0.93 and continues to drop, it is better to wait for a retest of 0.91 – 0.915 for a strong support buy.
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