$SOMI /BNB MARKET ANALYSIS – PRICE ACTION UPDATE
SOMI/BNB is experiencing notable volatility with clear upward and downward movements throughout the trading session. The price surged from the lower support level near 0.00030759, showing strong buying pressure and bullish sentiment. It reached a short-term high of 0.00035204 before facing resistance, leading to a minor pullback. The retracement indicates profit-taking and active selling near key resistance zones. Despite the correction, buyers remain interested, maintaining support above critical levels around 0.00034276. Trading volume shows increased activity during both the upward push and subsequent pullback. Price oscillations are creating higher lows on intraday charts, signaling potential continuation of bullish momentum. Technical indicators suggest a consolidation phase may occur before the next breakout. Market participants should monitor support and resistance closely to optimize entries. Understanding these dynamics allows traders to anticipate price reactions and plan trades effectively.
Entry: 0.000338 – 0.000343
Target 1: 0.000356
Target 2: 0.000399
Target 3: 0.000442
