SOMI +518.16% in 24 Hours Amid Surging Short-Term Gains

On SEP 23 2025, SOMI surged by 518.16% within 24 hours to reach $0.9735, marking a dramatic reversal after dropping by 2306.97% in the preceding seven days. The cryptocurrency demonstrated strong recovery momentum, with a 10024.41% increase recorded over the past month and an equally impressive 10024.41% rise over the past year, highlighting its volatile yet resilient nature in the market.

The rapid upward movement of SOMI has attracted renewed attention from traders and analysts, many of whom are examining the underlying catalysts behind the sharp short-term rise. While no single factor is cited as the direct cause of the movement, recent developments related to SOMI’s tokenomics and broader market sentiment appear to be playing a role. The price surge, however, has not been accompanied by notable changes in the broader market structure or external macroeconomic shifts.

From a technical standpoint, the 24-hour rebound is being supported by key on-chain metrics indicating a sudden shift in buying pressure. Short-term indicators have flipped into bullish territory, aligning with the observed price action. Analysts project that if the current momentum continues, SOMI could test key resistance levels in the near term, potentially reinforcing the validity of its recent breakout.

Backtest Hypothesis

A backtesting strategy based on the same technical indicators used to analyze SOMI’s recent price action would involve a rule-based approach to entry and exit points. The strategy would look to capitalize on similar short-term reversals by entering positions when key on-chain metrics shift above predefined thresholds. The exit condition would be based on reaching a stop-loss or taking profits at a trailing stop, depending on the behavior of the price and volume metrics. This method aims to isolate high-probability reversal opportunities in highly volatile assets like SOMI.