SOMI +14843.37% Year-to-Date Amid Sharp 24-Hour Drop

On SEP 15 2025, the price of SOMI plummeted 150.82% within 24 hours, closing at $1.2481. This sharp decline, however, was set against a backdrop of robust long-term performance, with the token surging 2610.22% over the past seven days and 14843.37% in both the one-month and one-year periods. The recent volatility has sparked renewed interest among traders, particularly given the token’s overall positive trend despite the short-term turbulence.

SOMI’s 24-hour drop was attributed to a combination of algorithmic trading patterns and liquidity shifts, though no official statements or regulatory interventions were reported. The price movement appears to be a result of rapid, high-velocity trades that overwhelmed the market's short-term capacity to absorb the volume. Analysts noted that the sharp decline was largely mechanical and did not reflect any underlying change in the fundamental or technical narrative of the asset.

Over the past 30 days, SOMI has exhibited a strong bullish trend, with a consistent pattern of higher highs and higher lows. This upward trajectory is supported by a series of technical indicators, including a positive RSI and a moving average crossover on the weekly chart. The token has shown resilience, with price rebounding swiftly after previous dips, suggesting strong buyer interest and possibly algorithmic buying pressure.

Backtest Hypothesis

Given the recent performance and technical setup, a potential backtest hypothesis could be constructed using a combination of moving averages and RSI levels to define entry and exit points. The strategy would involve entering long positions when the 20-day moving average crosses above the 50-day line and RSI dips below 30, indicating oversold conditions. A stop-loss would be placed at the 20-day moving average, and a take-profit target would be set at 1.5 times the entry point. This setup aims to capture upward momentum while managing downside risk.