SOMI -183.76% in 24 Hours Amid Sharp Short-Term Correction

On SEP 23 2025, SOMI dropped by 183.76% within 24 hours to reach $0.9229, marking a sharp short-term correction. Over the past seven days, the asset saw a dramatic decline of 2700.99%. However, over the past month and year, the token displayed a significant recovery trajectory, surging by 8689.99% in both timeframes.

The recent 24-hour drop was the most pronounced movement in the short-term price action, following a period of high volatility. This correction occurred against a backdrop of strong multi-month and annual performance, suggesting the asset remains underpinned by long-term investor sentiment despite near-term turbulence.

Technical analysis suggests that the recent plunge could be part of a larger pattern of consolidation or reversal. Indicators point to potential oversold conditions following the sharp decline, which may suggest a near-term stabilization or bounce in the coming sessions.

The price action over the past seven days highlights the asset’s susceptibility to short-term shocks, contrasting with its resilience on longer timeframes. Analysts project that the recent volatility may reflect a mix of market corrections and underlying fundamentals that remain favorable in the medium to long term.