$SOMI is undergoing a healthy pullback into a high-confluence demand area following the sharp impulse move sparked by the 2026 roadmap reveal and the Dreamathon incubator winner announcements. Price is now retesting the 30-day SMA—an area where buyer absorption is expected as market participants position around the project’s shift toward AI-driven and reactive smart contracts.
Fundamentally, the setup remains strong. With network capacity exceeding 1M TPS and a deflationary model that burns 50% of all gas fees, a solid floor is forming during this consolidation phase. As long as the $0.23 support level holds, the broader technical structure favors continuation toward the upside liquidity targets outlined above.
After a sharp ~700-point pullback, #XAU is beginning to base around a major demand zone. Downside momentum has faded, and instead of accelerating lower, price is holding firm — a classic sign of selling absorption, not panic distribution.
The higher-timeframe structure remains bullish, and this move looks like a corrective retracement within the broader uptrend. As long as buyers continue to defend this zone, the path of least resistance favors a renewed impulsive push higher.
Bias: Bullish continuation Idea: Buy XAU from demand for the next leg up 👇
Price continues to trade below the neckline with little to no meaningful demand stepping in. Each bounce has been shallow and corrective, reinforcing bearish control. Momentum remains heavy, and as long as price stays capped beneath the breakdown zone, this move favors continuation rather than exhaustion.