Buy or Sell at These Prices? $SOMI on @Somnia_Network is trading around $0.4007, down 0.5% in the last 24H, with $28M volume. On pure technicals, SOMI is flashing more red than green right now: This is what @EdgenTech has to say... and my opinion below 👇🧵 (1/3)
to be full transparent, I have a resonable bag of $SOMI but this is what the techical analysis says: Bearish EMA Structure EMA30 < EMA60 ✅→ Full bearish EMA stack = trend is still down. RSI: 46.62 (Neutral) Not oversold → no bargain signal Not overbought → no hype momentum. MACD: Slight Bullish (+) MACD is technically above 0, but very weak, not enough to flip the trend. Stoch RSI: Neutral (31.65) Momentum is weak but not washed out. (2/3)
The @EdgenTech predictive model shows a wildly wide range on @Somnia_Network token: Low: $0.08 Average: $1.20 High: $12.02 Current: ~$0.40 This range shows massive uncertainty, which is typical for early L1s, in my opinion, nothing is certain, a whale could come in and push it hype up BUT, the team is doing more now → Challenging sentiment on games but no super fun things pre-TGE around, that I see, it was fun when memecoins were heavily supported by the CEO of @Somnia_Network and @Improbableio, now its all games.. but who is actually playing it?? (don't see it on my feed, but that said, could be more closed off bubbles that I am not involved in) to me, i will continue to support the ecosystem.. (3/3)
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