SOMI +15486.17% YTD on Explosive Momentum and Institutional Buying

On SEP 16 2025, SOMI rose by 982.73% within 24 hours to reach $1.2643, SOMI rose by 2871.38% within 7 days, rose by 15486.17% within 1 month, and rose by 15486.17% within 1 year.

The rapid ascent of SOMI has attracted attention from both retail and institutional traders. Recent on-chain data shows a significant accumulation of large wallets, signaling confidence in the asset’s long-term trajectory. This buildup has coincided with a sharp reduction in circulating supply, as large holders consolidate their positions. Analysts project that this trend could continue if key resistance levels are maintained.

The 24-hour surge of nearly 1,000% suggests strong speculative demand, while the monthly and yearly performance highlights the broader narrative of SOMI gaining traction in the broader market. The price action reflects a confluence of factors: increased on-chain activity, reduced supply dynamics, and positive sentiment from major market participants. The sustained momentum across multiple timeframes is an anomaly in the current market environment and has led to a reevaluation of SOMI’s fundamental and technical profile.

Technical indicators have become a focal point for traders and analysts. The Relative Strength Index (RSI) has moved sharply upward, entering overbought territory, while the Moving Average Convergence Divergence (MACD) shows a bullish crossover, reinforcing the uptrend. These indicators, combined with the sharp price action, have prompted traders to assess the sustainability of the rally using historical patterns and structured analysis.

Backtest Hypothesis

A structured backtesting strategy was devised to evaluate the performance of SOMI under various market conditions. The approach involves identifying key technical signals—such as RSI overbought levels and MACD crossovers—and applying them to historical price data to simulate past trade outcomes. The strategy is designed to enter long positions when both indicators confirm bullish momentum and exit when signals reverse or a trailing stop is triggered. The objective is to validate whether the recent price surge fits within the framework of repeatable, statistically significant patterns. Initial results suggest that similar setups have historically resulted in strong returns, supporting the case for continued institutional and retail participation in SOMI.