$SOMI faced a long liquidation of $1.8092K at $0.26232, indicating bullish traders misread near-term strength. The liquidation suggests price failed to hold momentum, triggering forced exits from leveraged positions. In assets like $SOMI, such events often cool speculative demand and slow price action. This move may act as a temporary reset, reducing excess leverage and volatility. Whether $SOMI stabilizes or continues lower will depend on how quickly confidence rebuilds after this sharp but controlled flush.
SOMIUSDT
Perp
0.2536
-7.24%