Market Overview for Somnia/Tether (SOMIUSDT) – November 7, 2025

• Somnia/Tether (SOMIUSDT) closed higher at 0.3451 after a 24-hour range of 0.3333–0.3550.
• Momentum showed overbought and oversold shifts, with RSI fluctuating between 50–70.
• Volume and turnover aligned with price direction, confirming trend strength in key bullish phases.

Somnia/Tether (SOMIUSDT) opened at 0.3361 on November 6 at 12:00 ET and closed at 0.3451 on November 7 at the same time. The 24-hour high was 0.3550, while the low touched 0.3333. Total volume reached 4,575,850.0, with notional turnover of 1,576,916.38 USD, based on the cumulative volume and price data.

Structure & Formations

Over the past 24 hours, SOMIUSDT showed a bearish pullback from 0.3550, followed by a strong recovery toward 0.3450–0.3470. Key support levels identified include 0.3415 and 0.3390, both of which were tested twice. A Bullish Engulfing pattern appeared around 00:45 ET on November 7, confirming a short-term reversal after a prior consolidation phase. A Hammer at 04:45 ET on November 7 also suggested a potential reversal from a dip near 0.3444. Resistance levels of note are 0.3470 and 0.3500, both of which held during intraday tests.

Moving Averages

On the 15-minute chart, the 20-period and 50-period moving averages crossed over three times, indicating choppy but generally bullish momentum. The 50-period MA crossed above the 20-period MA at 01:30 ET, suggesting a short-term bullish setup. On the daily chart, the 50-period MA (approx. 0.3420) is below the 200-period MA (approx. 0.3390), indicating a longer-term bearish bias.

MACD & RSI

The MACD turned bullish after 01:00 ET on November 7, crossing above the signal line and showing positive divergence with the price at 04:45 ET. The RSI fluctuated between oversold (35) and overbought (68) conditions. A key bullish divergence was seen between 04:30 and 05:15 ET, with RSI bottoming while price continued lower, followed by a strong recovery. This suggests the pair may find buyers in the near term.

The Bollinger Bands showed a mild contraction from 04:00 to 05:00 ET, with price trading within a narrow range before breaking out to the upside. This period of low volatility was followed by a sharp expansion as the pair moved above the upper band at 05:15 ET. Price has since tested the upper and lower boundaries multiple times, suggesting increased volatility and potential for further breakout or reversal activity.

Volume & Turnover

Volume surged to 457,585.0 at 06:15 ET, coinciding with a high of 0.3527, signaling strong institutional or large-cap participation. Notional turnover also peaked around this time at 157,691.64 USD. A notable price-volume divergence occurred at 07:45 ET, where volume increased with a smaller price move, potentially indicating waning bullish conviction. However, the overall pattern of volume and price aligned for much of the session, reinforcing key support and resistance levels.

Fibonacci Retracements

Applying Fibonacci Retracements to the 0.3333–0.3550 swing, the 61.8% level (0.3435) was tested and held around 04:45 ET. The 38.2% level (0.3474) was breached on several occasions but failed to hold beyond 06:30 ET. These levels continue to be key watchpoints for potential reversals or breakouts.

Backtest Hypothesis

Given the recent appearance of Bullish Engulfing and Hammer patterns, a backtesting strategy using a similar pattern-based approach might be useful for validating short-term entry signals. A hypothetical 3-day hold strategy using candlestick patterns such as Bullish Engulfing could be tested for Somnia/Tether to assess profitability. However, the data provided in the backtest for another asset (BLSH) showed no qualifying signals, indicating either low pattern frequency or suboptimal conditions for such a strategy. Applying this framework to SOMIUSDT would require testing over a similar historical period to determine whether the patterns yield actionable signals and consistent returns.