$SOMI – Volatility With Intent
Short statement: $SOMI woke up fast, pulled back, and is now trying to stabilize above key levels.
Price action
Current price around 0.2689 USDT
Up roughly +7.3% today
Intraday high near 0.2930
Intraday low around 0.2476
What’s driving this move
This started with a strong breakout from the 0.22 zone, followed by a sharp push toward 0.30. Profit-taking came in quickly, but price did not collapse. Instead, it’s holding above former resistance, which hints at real demand rather than a one-candle pump.
Key levels to watch
Immediate support at 0.255 – 0.247, structure support
Stronger support near 0.227 – 0.220, breakout base
Resistance overhead at 0.285 – 0.293, recent supply
Clean break above opens room toward 0.30 – 0.32
Trend
Short-term trend is bullish but volatile
Structure shows higher lows after the impulse
Momentum remains constructive above 0.247
Trade idea
If price holds above 0.255 and builds a base, continuation toward 0.29+ is likely
If price loses 0.247, expect deeper consolidation before next move
Best entries usually come after chop settles, not during the first spike
$SOMI feels active again. Not clean yet, but definitely awake. Let the chart confirm before committing heavy.
