SOMI Price Eyes Breakout as Smart Money Returns

SOMI is trading near $1.30, gaining almost 5% in the last 24 hours and 10% over the week. Despite these gains, the token remains volatile, showing sharp rebounds and corrections in short windows. Just yesterday, Somnia briefly touched $1.53 before pulling back, highlighting persistent selling pressure. However, technical and on-chain signals now point toward a potential rebound.

The Smart Money Index (SMI), which tracks moves by seasoned traders, has formed a higher high since September 13. This suggests renewed interest from traders targeting short-term rebounds. For confirmation, the SMI must climb from its current 1.19 toward 1.47 and ideally 1.71 to set up a stronger rally.

Meanwhile, the Bull-Bear Power Indicator has consistently stayed in the green, showing bulls maintained control even during the September 10–16 pullback. Buyers are regaining strength, with bullish power candles returning on the charts.

On the 4-hour timeframe, SOMI trades within an ascending triangle pattern, a bullish setup signaling potential continuation. The token has cleared resistance at $1.28, with the next levels at $1.35 and $1.45. A breakout above $1.53 could shift the rebound narrative into a full rally, targeting $1.78 and $2.19 based on Fibonacci extensions.

Adding to the bullish case, SOMI’s Relative Strength Index (RSI) recently showed hidden bullish divergence, a strong sign of trend continuation. Still, risks remain. If SOMI closes below $1.12, the rebound outlook weakens, with potential downside to $0.92.

For now, smart money activity, bullish technical patterns, and improving momentum give SOMI a cautiously optimistic outlook.