The native token $SOMI of Somnia Network has experienced significant price fluctuations since its launch at $0.49 in early September. It once surged to $1.9, marking an increase of nearly 3 times, and then entered a normal correction phase, currently hovering around $0.5.

As a project that integrates public chain and entertainment concepts, Somnia Network recently held a meeting in South Korea and is about to head to Singapore to participate in the 2049 conference to showcase its activity in the industry. At the same time, the project team organized a competition, selecting 20 outstanding teams to further promote the development of the ecosystem.

From the market performance perspective, $SOMI has fallen for 4 consecutive weeks, and the technical indicators suggest a possible rebound is approaching. Market participants generally believe that if the price level of $0.7 can hold, a rebound may occur in the short term, with the first target price between $0.8 and $1.

However, investors should be cautious and closely monitor the key support level of $0.7. If this level can be maintained, it will provide a good foundation for subsequent upward movement. The development prospects and market performance of Somnia Network are worth continuous attention, but it is also important to be aware of the high volatility and potential risks in the cryptocurrency market.