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SOMI has surged from the $0.65 zone to over $1.18 in less than 24 hours – a parabolic breakout. Strong bullish candles with high volume indicate huge buying pressure. Price is consolidating slightly around $1.14, signaling either healthy accumulation or preparation for the next leg up. Key resistance sits near $1.20 – if broken, momentum could push SOMI towards $1.30+.
Short-term traders: Look for pullback entries near $1.05 – $1.10 with targets around $1.20.
Swing traders: A breakout above $1.20 could open the path to $1.30 – $1.35.
Risk management: Place stop-loss below $0.95 (recent support) to protect against sudden reversals.
⚠️ Remember: Sharp pumps are often followed by profit-taking – trade smart, not emotional.
MITO/USDT is showing strong bullish momentum, currently trading at $0.2296 (+19.46% in 24h).
24h High: $0.2500 24h Low: $0.1888 Volume: 133.93M MITO traded in the last 24h
MITO has broken through the $0.22 resistance and is consolidating around $0.229 – a sign of strength after a sharp surge.
The upward spikes with healthy volume indicate strong buying interest. However, repeated rejections near $0.25 show that this is the next key resistance to watch. If the price holds above $0.22, MITO could retest $0.25 and potentially break higher.
Short-term traders: Look for entries around $0.220 – $0.225 with a target near $0.245 – $0.250.
Swing traders: If MITO sustains above $0.25, next upside targets could be $0.28 – $0.30.
Risk management: Place stop-loss below $0.188 support zone to minimize downside risk.
⚡ Market is volatile – trade with discipline and avoid chasing pumps.
Immediate support sits around $0.7000, with stronger support near $0.6500. Short-term traders: Watch for retests near $0.7500–$0.7700 for entry opportunities. Breakout traders: A clean break above $0.8600 could open the door to $0.900+ levels. Risk management: With such volatility, set stop-loss below $0.7000 to avoid sharp pullbacks.