$SOMI The currency is currently showing a state of gradual recovery after touching a local bottom at levels of 0.2411. The price is now trading at 0.2564 with a slight upward bias.
* RSI Indicator: It is located at a zone of 57.59, indicating a healthy buying momentum without reaching saturation, leaving room for further upward movement.
* MACD Indicator: We observe a positive crossover and the beginning of green bars appearing above the zero line, supporting the continuation of the upward trend in the short term.
Forecasts and targets:
* Bullish scenario: If the nearby resistance at 0.2611 is breached and maintained above it, we may see a test of levels at 0.2700.
* Bearish scenario: The level at 0.2435 represents a strong support area; breaking it could lead to a return to the previous low.
> Advice: Please be cautious as the currency shows a decline of 67% over 90 days, indicating that it is high risk and affected by sharp market fluctuations.
