SOMI +15254.27% in 1 Year Due to Strong Long-Term Performance

On SEP 20 2025, SOMI surged by 5.64% within 24 hours to reach $1.2401, marking another day in its extraordinary rise. Over the past seven days, the asset has appreciated by 872.23%, while over the last month and one year, it has seen a cumulative gain of 15254.27%. These figures highlight a sustained and robust performance that has caught the attention of market observers.

The recent upward momentum appears to be supported by a favorable technical configuration. Key indicators such as the Relative Strength Index (RSI) and Moving Average Convergence Divergence (MACD) suggest that the asset has maintained a strong and consistent uptrend. The RSI remains in overbought territory, signaling a continuation of bullish pressure, while the MACD has shown a series of higher highs, reinforcing the idea of a sustained rally. These metrics suggest that the upward trajectory has yet to show signs of fatigue, though analysts caution that such readings may signal a potential near-term correction.

The price action has also been characterized by a clear breakout from prior resistance levels. A multi-month consolidation pattern has been decisively breached, with price closing above key psychological levels. This has led to increased liquidity and trading interest, particularly from long-term investors who have positioned themselves to capitalize on continued growth. The absence of bearish divergence in key momentum indicators further supports the view that the uptrend is structurally intact.

Backtest Hypothesis

Technical indicators used in the recent analysis have been integrated into a backtesting strategy to evaluate their predictive power over historical price movements. The strategy is based on a combination of RSI and MACD signals to generate buy and sell entries. Specifically, a long position is triggered when the RSI crosses above 50 and the MACD histogram turns positive. A sell or exit signal is initiated when the RSI drops below 50 and the MACD histogram turns negative. This approach aims to capture the initial momentum of an uptrend and exit before potential overbought exhaustion.