SOMI Token Sees 3.05% Price Dip After $14K Short Liquidation Amid High Binance Trading Volume

SOMIUSDT experienced a 3.05% price decrease in the past 24 hours, with the current Binance price at $0.2764, reflecting volatility following recent short liquidation events at $0.2789 and $0.28869 totaling over $14,000. The decline comes after a strong bullish momentum earlier in the week, where aggressive buying pushed the price to new intraday highs and a 31% surge, supported by positive technical indicators such as a high RSI and breakout above key support zones. However, increased trading volume and heightened market interest noted in social media, combined with potential profit-taking and cooling off from overbought conditions, contributed to the recent pullback. SOMIUSDT remains actively traded, with Binance reporting a 24-hour volume of 75.83 million SOMI (valued at $20.08 million), and the asset’s price fluctuating between $0.2211 and $0.3043 during this period.