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$SOMI is currently trading around $1.26, showing a tight consolidation above the crucial $1.20 support level.
A potential breakout above the $1.30-$1.32 resistance range could trigger the next Strong upward Momentum, with $1.20 being a key level for bulls to hold. If the support fails to hold, the price might drop to test the Lower Support Level.
Key Price Levels:
- Support: $1.20
- Resistance: $1.30-$1.32 and $1.28
Market Sentiment:
Somnia's price has seen a 25.8% 7-day surge and an 84.42% monthly gain, with healthy momentum suggesting room for upside if broader crypto markets remain supportive. However, historical September weakness for Bitcoin could pressure alts like SOMI.
Buy And Trade here $SOMI