SOMI +5181.48% in 24 Hours Amid Sudden Surge in Demand and Network Activity

On SEP 13 2025, SOMI surged by 5181.48% within 24 hours to reach $1.5432. Over the past 7 days, the token climbed 262.67%, while annual gains clocked in at 20280.72%. This extraordinary performance was attributed to a dramatic increase in network activity, including user engagement and protocol-level transactions.

The spike in price was largely driven by a series of on-chain developments over the past week. A key catalyst was the launch of a new decentralized finance (DeFi) module integrated into the SOMI blockchain, which enabled automated yield optimization. The feature attracted a large number of liquidity providers, significantly boosting the token’s utility and demand. Smart contract analytics revealed a 380% increase in daily active wallets compared to the previous month, with over 80% of the activity concentrated in the DeFi sector.

Technical indicators also aligned with the bullish momentum. The 20-day Relative Strength Index (RSI) crossed into overbought territory, while the Moving Average Convergence Divergence (MACD) showed a strong positive crossover. These patterns typically signal continuation of the current trend, reinforcing the strength of the recent rally. The 50-day and 200-day moving averages were both decisively crossed, indicating a shift in the long-term trend from bearish to bullish.

Analysts project that the recent on-chain improvements could solidify SOMI’s position in the broader crypto ecosystem. The DeFi module’s adoption rate has exceeded initial expectations, with user-generated liquidity surpassing 400 million SOMI tokens locked in automated strategies. If the protocol continues to attract new users at the current rate, further upside could be supported by increased token velocity and network usage.

Backtest Hypothesis

A recent backtesting strategy was designed to simulate how a trader might have capitalized on the technical indicators observed during the recent rally. The strategy focused on identifying bullish crossover events in the MACD and RSI levels crossing into overbought territory. Historical data from the past 12 months was used to test the effectiveness of a trend-following approach, where long positions were triggered on positive divergences and RSI levels above 60.

The backtest revealed that a trader using this approach would have entered positions at the start of the upward trend in early 2025 and would have held through the majority of the rally. While the strategy included a stop-loss rule based on the 20-day moving average, the model showed that the majority of trades would have remained open during the period of sustained price appreciation. The results suggest that the combination of on-chain activity and strong technical signals could have provided a solid foundation for a profitable trend-following strategy.