📊 $SOMI / USDT — Short-Term Technical Outlook
Current Price: 0.277
After a sharp impulse from the 0.25 area, SOMI is now cooling off below local resistance.
The recent bounce appears corrective, not impulsive — suggesting momentum is fading.
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🧠 Market Structure
• Strong bullish expansion from 0.25 → 0.30+
• Followed by distribution & pullback
• Lower highs forming after the spike
➡️ Structure currently favors range / lower-high behavior
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🔴 Key Resistance Zones
• 0.285 – 0.290 → Major rejection zone (prior distribution)
• 0.300 – 0.305 → Extreme resistance (24h high area)
As long as price stays below 0.29, upside remains capped ❌
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🟢 Key Support Zones
• 0.270 – 0.265 → Minor intraday support
• 0.255 – 0.250 → Strong demand zone (impulse origin)
Loss of 0.25 would shift the bias fully bearish ⚠️
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📉 Momentum & Price Behavior
• Bullish momentum clearly weakened
• Lower highs developing
• Upper wicks show active sell pressure
• Volume spike already printed → now declining (classic post-pump behavior)
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🔻 Trade Scenario — Bearish Bias (Higher Probability)
Rejection Zone: 0.28 – 0.29
Trigger: Breakdown below 0.27
🎯 Downside Targets:
• 0.265
• 0.255
• Extended → 0.245
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Structure cooling… momentum fading…
Is SOMI preparing for another pullback? 👇📉
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⚠️ Disclaimer:
Not financial advice. DYOR
