Ah, SOMI, that fickle temptress, teases us with her fleeting embrace, trading near $1.30, a mere 5% rise in 24 hours, 10% over the week. Yet, do not be seduced by her transient charms! Her soul is a tempest, correcting and rebounding with the capriciousness of a tormented soul. 🌪️
Yesterday, she dared to flirt with $1.53, only to retreat like a coward in the face of commitment. Yet, she still clings to her daily gains, a pathetic display of resilience. Such is the nature of her existence-a relentless battle between the forces of greed and fear. But lo! The on-chain oracles and chart patterns whisper of a rebound, a siren’s call to the smart traders who thrive on chaos. 🧙♂️📈
The Smart Money and Bulls: A Tragic Comedy of Hope
Behold the 12-hour chart, where the Smart Money Index (SMI) has ascended to a higher high since September 13, a silent testament to the return of those who feast on quick rebounds. Yet, confirmation is a cruel mistress-the SMI must climb from its current 1.19 to 1.47, and ideally 1.71, to unlock the gates of a broader rally. Will it? Or will it falter, leaving us in despair? Only the shadows know. 🕵️♂️🔮
Meanwhile, the Bull-Bear Power Indicator, that fickle arbiter of market sentiment, remains in the green. The bulls, though bruised, have not yielded entirely to the bears, even during the September 10-16 pullback. Now, green candles of bullish power flicker once more, a faint glimmer of hope in the darkness. But hope, as we know, is the first step to ruin. 🦬🐻
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SOMI’s Ascending Triangle: A Bullish Illusion or a Trap?
The 4-hour chart reveals SOMI trapped within an ascending triangle, a structure that promises the continuation of an uptrend. Yet, is it not a cruel joke? The token has breached $1.28, with $1.35 and $1.45 looming like specters. But a breakout above $1.53, where past bounces have been rejected, would transform this rebound into a rally-a rally that could resurrect the all-time high narrative. Upside targets? $1.78 and $2.19, say the Fibonacci oracles. But trust not in their prophecies, for they are as fickle as the market itself. 🔺📐
The Relative Strength Index (RSI) adds a layer of intrigue. Between September 14 and September 17, SOMI’s price formed higher lows, while RSI made lower lows-a hidden bullish divergence, a whisper of trend continuation. Yet, is it not a cruel tease? For the rebound hypothesis crumbles if SOMI closes below $1.12, with a deeper slide to $0.92 possible. Such is the nature of the market-a theater of cruelty, where hope and despair are but two sides of the same coin. 🎭💔
In the end, SOMI is but a reflection of our own tormented souls-a dance of despair and delight, of hope and ruin. Will she ascend to $1.53, or will she plunge into the abyss? Only time will tell. Until then, let us revel in the absurdity of it all. 🕰️🤡
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2025-09-17 23:03