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. ๐ช๏ธ
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 sirenโs call to the smart traders who thrive on chaos. ๐งโ๏ธ๐
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. ๐ต๏ธโ๏ธ๐ฎ
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. ๐ฆฌ๐ป
Crave more of this torment? Subscribe to Editor Harsh Notariyaโs Daily Crypto Newsletter, where despair and delight dance in eternal waltz. ๐
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. ๐บ๐
The Relative Strength Index (RSI) adds a layer of intrigue. Between September 14 and September 17, SOMIโs 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. ๐ญ๐
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. ๐ฐ๏ธ๐คก
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2025-09-17 23:03