Somnia's Mainnet Debut Shines at Korea Blockchain Week
Mainnet Launch and Token Introduction: Somnia launched its mainnet and introduced the $SOMI token at Korea Blockchain Week, marking a significant advancement in blockchain technology aimed at real-world and metaverse applications.
Investment and Scalability Goals: The launch is backed by $270 million in investments and a $10 million grant program, targeting 60 billion monthly transactions and onboarding 118 million unique wallets to enhance blockchain scalability and adoption in DeFi and GameFi sectors.
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Technical Analysis for SOMI
Technical Sentiment Analysis for Somnia (SOMI) As of , Somnia (SOMI) is exhibiting a Neutral technical sentiment. Our proprietary analysis, which aggregates 6 technical signals, shows that 3 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for SOMI stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, SOMI is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Somnia (SOMI) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | -0.0167 | 0.0659 | 0.13 | 0.213 | 0.277 | 0.36 | 0.424 |
| Fibonacci | 0.0659 | 0.122 | 0.157 | 0.213 | 0.269 | 0.304 | 0.36 |
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