Spotted something interesting on $SOMI charts today – the token's flashing an RSI bullish divergence signal right at the $0.2189 level.
Here's the situation: Ever since $SOMI crashed through that $0.9 support zone, it's been riding a downtrend that frankly looked pretty grim. But now? The RSI indicator is telling a different story.
This bullish divergence pattern typically means one thing – buyers are starting to step back in. The bears might be losing steam here. Price action and momentum are diverging in a way that often precedes a reversal.
Still working on my target levels for the potential bounce. Will share the full price projection breakdown once I've confirmed a few more data points on the charts.
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ChainProspector
· 14h ago
NGL, this wave of divergence on SOMI looks pretty decent, but dropping from 0.9 has me a bit shaken. Waiting for your target level.
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CrossChainBreather
· 14h ago
The RSI divergence pattern is here again. Every time they say a reversal is imminent, but what happens? Let's see if you can really catch the bottom this time.
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MeaninglessApe
· 14h ago
Can SOMI rebound this time? It still looks a bit risky to me... The 0.2189 level feels too fragile.
Spotted something interesting on $SOMI charts today – the token's flashing an RSI bullish divergence signal right at the $0.2189 level.
Here's the situation: Ever since $SOMI crashed through that $0.9 support zone, it's been riding a downtrend that frankly looked pretty grim. But now? The RSI indicator is telling a different story.
This bullish divergence pattern typically means one thing – buyers are starting to step back in. The bears might be losing steam here. Price action and momentum are diverging in a way that often precedes a reversal.
Still working on my target levels for the potential bounce. Will share the full price projection breakdown once I've confirmed a few more data points on the charts.