SOMI +924.97% in 24 Hours Amid Strong Bullish Momentum

On OCT 4 2025, SOMI surged by 924.97% within 24 hours to reach $0.9048, reflecting a dramatic upward shift in investor sentiment. Over the past week, the asset has advanced by 2361.68%, with a 2700.92% gain recorded over the last month and an impressive 8451.99% rise year-to-date. This exceptional performance indicates strong accumulation and broad-based market adoption.

The recent surge has been supported by a confluence of technical and fundamental triggers. Strong on-chain activity has signaled increased demand, with inflows into key exchange wallets and growing wallet concentration suggesting a shift in market dynamics. Investors are interpreting these signals as evidence of a long-term re-rating of the asset’s utility and market position.

The price action has also been reinforced by key technical indicators. A breakout above critical resistance levels has led to a sharp reversal of prior bearish trends. The Relative Strength Index (RSI) has entered overbought territory, suggesting potential consolidation may follow. However, the momentum remains firmly bullish, with the Moving Average Convergence Divergence (MACD) showing sustained positive divergence. These indicators together present a compelling case for continued upward movement, though traders are advised to remain cautious of potential short-term corrections.