SOMI +578.1% in 24 Hours on Surging Short-Term Momentum

On SEP 13 2025, SOMI surged by 578.1% within the last 24 hours to reach a price of $1.0401, marking a dramatic reversal in its recent trajectory. Over the past week, the asset had experienced a sharp decline of 2847.29%, yet over the last month and year, it recorded impressive gains of 11104.56% each. The 24-hour rally suggests a sudden influx of investor interest, potentially triggered by positive market sentiment or a shift in trading patterns.

The recent volatility underscores the highly speculative nature of SOMI, with sharp upward and downward swings occurring in a compressed timeframe. Traders and investors are closely watching for signs of stabilization or continuation of the current rally. Analysts project that the next few days will be critical in determining whether the surge is a short-lived spike or a more sustained uptrend.

Technical indicators suggest a breakout pattern following a prolonged period of decline. The price has breached a key resistance level that had previously capped upward movement, potentially validating the recent momentum. The Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) both show signs of a bullish reversal, with RSI exiting oversold territory and MACD lines crossing into positive territory. These signals could support the likelihood of further upward movement, provided the trend remains intact.

Backtest Hypothesis

To evaluate the potential sustainability of the recent momentum, a backtesting strategy was designed based on the breakout confirmation seen in the technical indicators. The strategy is built on a rule-based system that triggers a long position when the price breaks above a defined resistance level and confirms with a closing price above this level. Stop-loss is set at the recent swing low, and a take-profit target is placed at the next major resistance level.

The logic behind the backtest is to determine whether the breakout pattern has historically led to profitable outcomes over similar periods of volatility in SOMI’s performance. The hypothesis is that if the breakout is statistically significant and repeatable, the strategy could serve as a guide for traders looking to capitalize on similar setups in the future.