I don't know what to make of this. But SONM's SNM token has been trending up since 0.7 US cents since September 16, 2019. Today's price is 1.7 cents which is more than 100% gains, volume also increased exponentially.
But fundamentally, SONM has no developers now and the proposed DAO is still being worked on. Who pumped this? Insiders or just pumpers? Who pumps in a bear market?
Maybe someone believes Voronkov has been negotiating with some big investors who want to invest in DAO.
Possibly or maybe old investors that exit during high price wants to re enter again on cheap price. SONM still has a lot of potential to get big investors onboard. I still holding some of this token that I get during bounty campaign. I believe that SONM can still move through this bear season.
Well,if you look at SONM's price chart, the price seems to have bottomed out last September 16, 2019 at 0.74 cents. And it is forming some sort of a bullish ascending triangle. Once the price breaks out of the 1.8 to 2 cents range, we will see a retest of 3 cents range. And when that also breaks, it is going to be a confirmed trend reversal.
SONM is still best choice to make entry again it still have big room to grow this thing make this really attractive. On current price it could be safe investment this is moving forward so nice and direction is looking great.