$SOMI I/USDT — Market on the Edge
Current Price: 0.1667
24H High / Low: 0.1739 — 0.1656
24H Volume: 5.88M SOMI (~992K USDT)
After a sharp push to 0.1739, sellers slammed the market and forced a clean rejection. Price lost short-term momentum and slipped below the key moving averages (MA7 ≈ 0.1672, MA25 ≈ 0.1691, MA99 ≈ 0.1687). Bears currently control the short timeframe while bulls are attempting a small relief bounce from 0.1656 support.
Key Levels:
Support: 0.1656 — 0.1645 (critical demand zone)
Resistance: 0.1688 — 0.1707 — 0.1739
What to Watch:
• Holding 0.1656 → possible recovery toward 0.170+
• Rejection at 0.1688/0.1707 → continuation of downtrend
• Break below 0.1645 → fast drop likely (liquidity sweep)
Momentum Status:
Short-term bearish, volatility building, breakout incoming. A squeeze is forming — the next move won’t be quiet.
Traders stay sharp. This setup is preparing for a decisive move.
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