📉 Analysis of $SOMI – Important Support Zone, Determines Next Trend

In today's trading session, $SOMI has sharply decreased by nearly 29%, bringing the price back to test the important support zone around $1.15 – $1.16. This is the area that the bulls need to defend if they do not want the downtrend to extend further.
🔹 Price increase scenario (Bullish scenario):
If buying pressure appears and this support is maintained, $SOMI may bounce back. The short-term target will be the range of $1.30 – $1.40, where significant resistance is concentrated and may determine whether the recovery trend can be sustained or not.
🔹 Bearish scenario (:
On the contrary, if the price breaks below the support range of $1.15 - $1.16, selling pressure may continue to push $SOMI lower, with the $1.00 mark as the next target. This will be a strong psychological support area, but at the same time, it is also a dangerous boundary for the bulls.
⚡ General assessment:
The current volatility of $SOMI is very high. Investors and traders need to closely monitor the price reaction at the support area of $1.15 – $1.16 before deciding to open a position. Any moves to break or maintain this support will shape the short-term trend in the coming days.
👉 Recommendation: Manage risk closely, avoid FOMO, and be patient in waiting for clear confirmation signals from the market.