$SOMI Analysis + Next Move Prediction ๐จ๐
$SOMI is currently sitting at a very critical stage. After a massive dump from its highs, it is finally showing some signs of life, but don't be fooled by small green candles yet. The volume is high ($51M+), which means the battle between bulls and bears is peaking. ๐ฅ๐ฅ
๐ The Real Talk Analysis
The chart clearly shows that $SOMI is struggling with heavy supply pressure. Every time it tries to pump, sellers are dumping their bags, creating a "ceiling" thatโs hard to break. Right now, itโs consolidating in a tight range.
If you look at the 4H chart, the RSI is sitting in the neutral-to-oversold zone. This usually means a big move is loading, but the direction depends on whether the buyers can absorb the remaining supply or if the sell-off continues. ๐โ ๏ธ
๐ฅ๐ THE NEXT MOVE PREDICTION ๐๐ฅ
โข The Bullish Breakout: We need a solid hourly close above $0.24. If that happens, the shorts will start covering, and we could see a quick rally toward $0.30 - $0.35. Thatโs where the real liquidity sits. ๐โก
โข The Bearish Drop: If the price fails to hold the current support and slips below $0.18, expect another leg down to the $0.15 level. This would be a "capitulation" phase where the last weak hands exit. ๐๐ฏ
โข Bottom Line: Don't FOMO in the middle of the range. Wait for the $0.24 breakout for a safe entry or wait for a deeper dip to $0.18 for a better risk-reward play. ๐๐ง
