Price and volume increase: SOMI has risen by 19% weekly, driven by a massive increase in trading volume of 638% over 24 hours.

Positive technical indicators: The price is above the key moving averages (EMAs) with a positive MACD and RSI at 58, indicating strong upward momentum.

(sentiment) Positive: The rise supports strong optimism from the project community and an increasing number of holders, further strengthened by an airdrop from Binance Alpha.

Warning of volatility: Unstable capital flows and a decreasing long/short trading ratio indicate the potential for high volatility and possibly profit-taking.$SOMI

SOMIBSC
SOMI
0.2735
+1.74%