$SOMI
1. Strong bullish momentum after launch
SOMI experienced a significant increase after the mainnet launch, with the price rising from around $0.39 to approximately $1.84.
2. Massive trading activity and increased liquidity
The daily trading volume for SOMI reached hundreds of millions, with very high trading on some platforms. This indicates significant interest from traders and investors.
3. Support from institutional investors and partnerships
There are investments from major entities, and participation in the infrastructure such as security auditors, and some supporting companies.
4. Clear technical support level
The price seems to find strong support around certain levels, such as ~$1.24, while resistance lies near ~$1.44. If the resistance is broken, the ATH (all-time high price) may be retested.