SOMI +13.19% in 24 Hours Amid Strong Bullish Momentum

On OCT 4 2025, SOMI rose by 13.19% within 24 hours to reach $0.9034, SOMI rose by 2765.33% within 7 days, rose by 2765.33% within 1 month, and rose by 8545.57% within 1 year.

The recent performance of SOMI has shown a dramatic upward trajectory, capturing attention across the crypto market. Over the course of a year, the asset has surged by over 8500%, indicating a sustained rally driven by a combination of market sentiment and on-chain activity. The surge has not only reflected in long-term appreciation but also in short-term volatility, with a 2765.33% rise observed in both 7-day and 30-day periods. This suggests a strong alignment with bullish indicators and growing investor confidence in the token’s utility and adoption.

SOMI’s recent 24-hour price action reflects a continuation of the bullish trend. The 13.19% jump within a single day underscores the asset’s momentum and the influence of key market participants. Analysts project that the continued accumulation of on-chain metrics, such as active wallet growth and transaction volume, could further reinforce the upward trajectory. The price behavior has aligned with technical levels that suggest a breakout from key resistance thresholds, supporting the view of continued strength in the near term.

Backtest Hypothesis

The technical strength observed in SOMI’s price movement has prompted the development of a backtesting strategy aimed at capturing similar momentum-driven opportunities. This strategy is designed to identify assets showing exponential growth patterns over both short and long timeframes. It leverages a multi-period analysis, using daily, weekly, and monthly price change percentages to filter and score potential opportunities. The strategy also incorporates volume and on-chain metrics as confirmation signals for trend continuation. By backtesting this approach against historical data, researchers aim to validate the predictive power of these indicators and refine the parameters for higher accuracy and risk management.