SOMI +14961.35% Year-to-Date Amid Sharp Intraday Decline

On SEP 13 2025, SOMI experienced a dramatic drop of 1014.86% within 24 hours to trade at $1.2393. Despite the sharp intraday correction, the asset has shown a compelling rebound over the preceding weeks. Over the past 7 days, the price of SOMI surged by 682.51%, and over the last 30 days, the rise was even more pronounced, with a 14,961.35% increase. Similarly, the one-year price trajectory mirrored the monthly performance, with a 14,961.35% gain year-to-date. These metrics highlight the volatile yet high-growth nature of SOMI, with significant short-term fluctuations that have not damped its long-term upward momentum.

The dramatic drop on SEP 13 2025 appears to represent a correction or reversal event rather than a sustained bearish trend. Traders and observers noted the sharp movement as a potential opportunity for risk-adjusted positions, particularly given the strong 7-day and 30-day gains. Analysts project that the underlying fundamentals driving the asset’s performance—such as adoption metrics, utility upgrades, and network activity—remain intact despite the price volatility. The market reaction may have been driven by a combination of profit-taking, algorithmic trading, or short-term liquidity shifts.

In terms of technical indicators, the recent price behavior has triggered several key signals. The RSI (Relative Strength Index) has moved into oversold territory following the intraday decline, which historically can precede a rebound. Similarly, the MACD (Moving Average Convergence Divergence) shows a narrowing histogram and a potential crossover that may signal a shift in momentum. These indicators, in combination with the broader price performance, suggest that while the market remains volatile, there may be a higher probability of a short-term bounce.

Backtest Hypothesis

A potential trading strategy could be constructed around the technical indicators mentioned above, particularly RSI and MACD. The hypothesis is that a long position would be triggered when RSI falls below 30 and the MACD line crosses above the signal line. A stop-loss would be placed below the most recent support level, while a take-profit target would be set at the prior resistance level or based on a Fibonacci extension. This approach is grounded in the asset’s volatility and its tendency to rebound following oversold readings. The backtest would evaluate the profitability of this strategy across multiple cycles, considering the high variance in daily returns observed in SOMI’s performance.