#SOMI

🧠 Technical Analysis (15m Timeframe)
📈 Price Action

The price surged from around $0.64 to a high of $1.1566, showing extreme bullish momentum (+52%).

Currently consolidating around $1.0599, just below the short-term resistance at $1.08 - $1.10.

This suggests a potential bullish flag or pennant forming—often a continuation pattern in strong uptrends.

🔁 Moving Averages

MA5 (yellow): 1.0604

MA10 (green): 1.0473

MA30 (orange): 1.0558

The MA5 and MA10 are above MA30, indicating short-term bullish momentum. Price is hovering just above all three MAs—supportive of continued upside if it holds above.

📊 Volume

Recent volume is lower than during the breakout to $1.15.

If price starts moving up with increasing volume again, that could confirm a new bullish wave.

🔍 Key Levels
🟢 Support Levels

$1.05 (near-term support — MA cluster)

$0.96 – minor horizontal support

$0.85 – psychological & previous consolidation area

🔴 Resistance Levels

$1.08 – near-term resistance

$1.1566 – 24h high

$1.20+ – psychological and potential breakout target if momentum continues

⚠️ Risk Factors

After a +50% move, retracements or corrections are common.

Watch out for fakeouts above $1.10 without strong volume.

If price breaks below $1.05 with volume, a short-term bearish pullback may occur.
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