$SOMI
SOMI/USDT Alert: Is This the Start of a Parabolic Run?
Somnia ($SOMI) is waking up! This high-performance Layer 1 blockchain is currently showing some of the strongest momentum on the board, trading at $0.2258 and surging +15.84% in the last 24 hours.
🔍 Technical Deep Dive:
Bullish Breakout: The price has reclaimed key levels and is trending toward its recent daily high of $0.2345.
Momentum Shift: After hitting a recent low of $0.1827 just two days ago, the bulls have stepped in with significant volume ($51M+ in 24h).
Utility Play: Unlike pure speculative plays, SOMI powers a massive ecosystem designed for 1M+ TPS, focusing on real-time gaming and metaverses.
Deflationary Edge: Remember, 50% of all $SOMI gas fees are burned, creating a supply squeeze as network activity grows.
🎯 Trade Setup:
Entry Zone: $0.215 - $0.225 (Look for support on 15m pullbacks).
Target 1: $0.260 (Previous major resistance).
Target 2: $0.310+ (Next major psychological level).
Stop Loss: $0.190 (Below recent structural support).
⚠️ Trader’s Tip: The ecosystem is heating up with the Data Streams launch and Dreamathon incubator projects coming online. Watch for high volatility as we approach the $0.25 resistance zone.
Are you holding $SOMI for the long term or scalping this pump? Share your targets below! 👇
#SOMI #Somnia #Layer1 #CryptoSignals #BinanceSquare #TradingStrategy