SOMI - -8.54% Daily Drop Amid Sharp 7-Day Plunge

On SEP 22 2025, SOMI dropped by 8.54% within 24 hours to reach $0.9372, SOMI dropped by 2568.09% within 7 days, rose by 9037.84% within 1 month, and rose by 9037.84% within 1 year.

The recent decline marks a continuation of extreme volatility in the SOMI token, following a period of dramatic gains over the last month and year. Despite the positive performance over longer time frames, the short-term pullback has drawn attention from both traders and analysts. The daily drop to $0.9372 has triggered several support and resistance levels, with market participants closely watching for a potential reversal or continuation of the downward momentum.

Technical indicators suggest mixed signals in the near term. The RSI has moved into oversold territory, potentially indicating a short-term bottoming process, though this has not yet translated into a price rebound. The 50-day and 200-day moving averages remain in bullish alignment, supporting the long-term trend. These indicators contrast with the immediate price action, highlighting the complexity of the current market environment.

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