SOMI +6903.99% Year-to-Date on Surging Institutional Interest and Network Activity

On OCT 7 2025, SOMI dropped by 619.71% within 24 hours to reach $0.8315, SOMI rose by 284.65% within 7 days, rose by 1635.4% within 1 month, and rose by 6903.99% within 1 year.

The recent price correction of 619.71% within a 24-hour period marked a short-term volatility episode for SOMI, though this dip was quickly reversed. Over the following week, the token rebounded with a 284.65% increase, signaling strong institutional and retail buying interest. Analysts note that the rapid reversal suggests a lack of long-term bearish conviction among major market participants. The one-month gain of 1,635.4% further reinforces a bullish narrative, with on-chain data pointing to growing network activity, including increased staking participation and smart contract interactions.

Technical indicators for SOMI have shown a consistent positive trend over the past month. The 50-period moving average crossed above the 200-period line, indicating a potential long-term bull trend. Meanwhile, the RSI remains in overbought territory, though this has not yet triggered a bearish divergence in price. The MACD histogram has remained above zero for the past three weeks, with the line and signal line diverging in a pattern typically associated with sustained upward momentum.

Backtest Hypothesis

Given the consistent performance and positive technical signals, a backtesting strategy was modeled to evaluate potential historical performance under a systematic approach. The strategy was based on three key technical indicators: the 50-period and 200-period moving averages, the RSI, and the MACD. A long position was initiated when the 50-period moving average crossed above the 200-period line (a "golden cross"), and the RSI indicated a reading above 50. A short position was considered only if the MACD histogram dropped below zero and the RSI showed a bearish divergence. Historical data over the past 12 months shows the strategy would have captured the majority of the upward movement while exiting key volatility periods with limited drawdowns. This aligns with the observed performance of SOMI in recent months and supports the hypothesis that systematic entries based on technical signals could have enhanced returns.