SOMI +1093.87% in 24 hours amid sharp technical indicators and volume-driven momentum

On SEP 7 2025, SOMI surged by 1093.87% within 24 hours to reach $1.1582. Over the past week, the asset posted a staggering 13427.58% increase, a trend that has remained consistent over a 30-day and 1-year horizon. This movement has sparked interest in the mechanics behind the sharp rise, particularly in relation to technical signals and on-chain behavior.

The price surge aligns with a sharp breakout above key resistance levels observed in the previous week. Analysts have noted that the move appears to have been triggered by a combination of strong buy pressure and a consolidation period that preceded the breakout. On-chain metrics suggest a reduction in short-term selling pressure, with large holders appearing to accumulate during the preceding weeks. This has led to an increase in long-term position dominance, a sign of growing confidence in the asset’s fundamental trajectory.

Technical indicators have also played a crucial role in the recent trajectory of SOMI. The Relative Strength Index (RSI) has shown a marked upward trend, moving from oversold territory into a more neutral range. The Moving Average Convergence Divergence (MACD) has crossed above the signal line, a bullish signal typically associated with upward momentum. These signals suggest a continuation pattern is in play, where the asset could maintain its upward trajectory in the near term.