SOMI +1898.45% in 24 Hours Amid Strong Short-Term Gains

On SEP 13 2025, SOMI surged by 1898.45% within 24 hours to reach $1.1409. Over the past week, the token recorded a decline of 1954.5%, while over the past month and year, it posted significant increases of 13738.81%. These contrasting performances highlight the token's volatile nature and recent momentum.

The short-term rally reflects a shift in investor sentiment, with traders reacting to key on-chain activity and positive technical signals. Although the weekly decline suggests a correction after a sharp rise, the broader monthly and yearly gains indicate sustained interest and confidence in the asset. The dramatic 24-hour increase has drawn attention from both retail and institutional participants, with many assessing whether this momentum is a continuation of a long-term trend or a temporary breakout.

The price movement has also sparked renewed analysis of SOMI’s chart patterns. Traders are closely monitoring the formation of key support and resistance levels, particularly around the $1.1409 mark. Technical indicators, including moving averages and volume patterns, suggest that the asset is experiencing a surge in buying pressure following the recent rally. These signals are being used to evaluate potential entry and exit points, with some analysts pointing to a possible continuation pattern.

Technical traders are using a combination of price action and on-chain metrics to evaluate the strength of the current move. A key focus is on whether SOMI can maintain above critical moving average levels, which would signal strength and validate the bullish case. The recent performance has also generated interest in backtesting strategies based on these technical signals, as the market looks for repeatable patterns to guide future decision-making.

Backtest Hypothesis

The backtesting strategy under consideration is designed to evaluate the effectiveness of technical indicators in capturing and profiting from the recent price momentum in SOMI. The hypothesis is that a rules-based system, triggered by price crossing above specific moving averages and accompanied by a surge in volume, could have captured the recent 24-hour rally with a high degree of accuracy.

The proposed strategy uses a 50-period and 200-period exponential moving average (EMA) as the primary signal lines. A buy entry is generated when the price closes above both the 50-EMA and 200-EMA, supported by a volume surge that is at least 150% higher than the 20-day average. An exit is initiated when the price closes below the 50-EMA or after a fixed holding period of 5 days, whichever comes first. This approach is intended to capture short-term bullish momentum while minimizing exposure to potential reversals.

The strategy is backtested using historical price data from the last 90 days, with a focus on identifying how frequently such conditions have occurred and how they align with actual price outcomes. The goal is to determine if the combination of moving average crossovers and volume confirmation provides a statistically significant edge in a volatile market like that of SOMI.