SONM price prediction

Our price prediction is based on hi-resolution deal analysis from cryptocurrency exchanges. We are collecting and gather statistics to obtain price support levels that show most important zones witch traders want to buy or sell stocks. These buy/sell histograms showed in report combined with current trend analysis can be used to build high probability forecasting of future price trends. It also can be useful to set a price on calculated levels to be sure maximum profit was received.

Disclaimer
Cryptocurrency trading involves substantial risk of loss and is not suitable for every investor. All trading strategies are used at your own risk. This page performs statistical analysis of past data and can be used for assumptions about the future only taking into account the statistical probability

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SONM price levels prediction for next 30 days

Next 30 days brief prediction

Price of SNM has broken last trend and will RAISE from the support level $0.8703

Historic price levels for next 30 days

These levels are based on local historic minimums and maximums. Weight shows the power of broken trends.
Price Weight(level power) Date of formation
$1.1037524938583374 Weight: 74.07 08 Nov 2021
$0.9639936685562134 Weight: 96.824 04 May 2021
$0.8847216367721558 Weight: 51.577 27 Nov 2021
$0.8784588575363159 Weight: 72.746 07 Jan 2018
$0.6280388832092285 Weight: 49.292 26 Aug 2022
$0.4659377932548523 Weight: 55.473 08 Nov 2021
$0.40632331371307373 Weight: 63.185 16 Nov 2021
$0.3286128044128418 Weight: 53.405 16 Sep 2022
$0.3096594512462616 Weight: 52.935 11 Sep 2022
$0.2499639093875885 Weight: 49.494 13 Dec 2021

Volume profile price channel in 30 days range

Edge levels of the price channel based on volume profile report.
Price Description
0.8703 Minimal price support level based on 30 days movements
Highly correlated currencies
Coin Correlation Links
First tier
0.85751575 details, prediction
0.8276398 details, prediction
0.7556678 details, prediction
0.7390046 details, prediction
0.5986077 details, prediction
Second tier
0.91492736 details, prediction
0.8835529 details, prediction
0.8795007 details, prediction
0.8664341 details, prediction
0.84334385 details, prediction
Third tier
0.9743849 details, prediction
0.8821732 details, prediction
0.8744764 details, prediction
0.867255 details, prediction
0.85821533 details, prediction


This report should be leaned to get most info about heading trends. It means that SONM price can be leaded by other, more mighty cryptocurrency, or maybe some market trend have affect on it.

It can be confidently asserted that any crypto currency has a significant dependence on the market as a whole and, in particular, the top 3 currencies - Bitcoin, Ethereum and Ripple, so the prediction of their prices will affect the price of SONM
Low correlated currencies
Coin Correlation Links
First tier
-0.46623194 details, prediction
-0.42798513 details, prediction
-0.32102573 details, prediction
-0.25250152 details, prediction
-0.21222736 details, prediction
Second tier
-0.5295709 details, prediction
-0.4624094 details, prediction
-0.4428157 details, prediction
-0.41413495 details, prediction
-0.3061529 details, prediction
Third tier
-0.5274847 details, prediction
-0.50961804 details, prediction
-0.4910919 details, prediction
-0.47894335 details, prediction
-0.4775052 details, prediction


This report should be leaned to build highly diversified portfolio.
It makes sense to mention that a low correlation in this case includes not only coins whose movements are not statistically related but, on the contrary, move in opposite directions (in the case of a negative value of the parameter)