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Is SONM building bullish momentum? Crossed Above 20 Day Moving Average shows up after rocketing 21.4%
On Friday, June 26th, SONM moved up 21.4% while volume surged to 2.4× the usual levels. The unusually high volume suggests institutional participation in today's move. consolidation patterns formed: Bollinger Band Squeeze, suggesting a potential continuation after price stabilization. Key support levels exist at 4.96, 4.18 & 3.69, with resistance at 6.23, 6.72 & 7.5.
Current SwingTradeBot Technical Rating of SONM: D
More technical signals and insights for SONM → Visit SwingTradeBot.com
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