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$SOMI SOMI saw a sharp pullback after a strong pump and is now cooling off near a key support area. This zone is important for the next move.
Bullish scenario:
If price holds the current support and stabilizes, a short-term bounce is possible. Oversold signals on lower timeframes often allow a relief move toward the nearby resistance zone.
Bearish scenario:
If support fails and price stays weak, downside pressure may continue. In that case, SOMI could revisit the lower support area before any meaningful recovery.
This is a decision zone.
Support hold = bounce attempt.
Support loss = more downside.
Personal market view, not financial advice.