$SOMI /USDT is clearly in a short-term bullish phase, but it is not as clean as the headline numbers suggest. Price is trading above all key EMAs, with EMA 7, 25, and 99 stacked in proper bullish order, which confirms momentum is still on the buyers’ side. The move from the 0.25 zone to above 0.30 happened fast, and volume expanded during the push, which gives the rally some legitimacy. That said, the long upper wicks near 0.304–0.306 show sellers are active and not backing off quietly. This is not a runaway trend, it is a fight.
From a structure perspective, 0.27 to 0.28 now acts as a critical decision zone. As long as price holds above EMA 25 around 0.273, dips look more like continuation setups than reversals. Losing that level would expose the move as overextended hype rather than real accumulation, with 0.255 as the next area where buyers must prove themselves. Volume is cooling compared to the spike, which is normal, but if it fades too quickly while price stalls, that would be a warning sign rather than healthy consolidation.
The controversial take is this: $SOMI looks strong, but it is not cheap anymore. Chasing above 0.30 without a clean break and hold is risky, especially after a sharp percentage gain in a short window. Bulls need acceptance above the recent high to justify further upside. Otherwise, this turns into a classic late-entry trap where momentum traders exit into strength. In short, trend is bullish, conviction is decent, but patience matters more here than excitement.
