Soundhound Ai is Trading in very important support level

SoundHound is experiencing a significant pullback today, trading at $12.70, which represents a nearly 49,15% decline from its previous all-time high of $24.98.

Since 2023, the stock has seen several notable highs:
- $5.11 on June 26, 2023
- $10.25 on March 14, 2024
- $24.98 on December 26, 2024 (all-time high)

Currently, the price is retracing to $12.70, which aligns with the support level observed on December 11, 2024, before the stock surged to its all-time high. This level could play a crucial role in determining the next price direction.