SOMI +1934.78% in 24 Hours Driven by Strong Market Momentum

On SEP 16 2025, SOMI surged by 1934.78% within 24 hours to reach $1.4304, marking a dramatic short-term price movement that has attracted significant attention in the market. Over a 7-day span, the token climbed by 3973.7%, and over a one-month and one-year period, it rose by 17668.84%. These figures highlight a strong and sustained uptrend, suggesting a shift in investor sentiment and possible long-term bullish momentum.

The recent surge in SOMI’s price has been attributed to a combination of on-chain activity and positive market sentiment. Traders and analysts have noted a significant increase in transaction volume and the deployment of new liquidity pools, which appear to have fueled the rapid price appreciation. While there are no official announcements from the project team regarding product updates or strategic partnerships, the market response has been overwhelmingly positive, indicating strong community and investor engagement.

Technical indicators have also aligned with the bullish trend. The Relative Strength Index (RSI) shows overbought conditions, yet the price has not corrected significantly, suggesting continued demand. Meanwhile, the Moving Average Convergence Divergence (MACD) has shown a strong positive crossover, reinforcing the upward momentum. These signals are often interpreted by technical traders as confirmation of an ongoing uptrend and a potential continuation of bullish price action.

Backtest Hypothesis

To evaluate the potential of SOMI's recent momentum, a backtesting strategy has been proposed that leverages the strong technical indicators currently in place. The strategy is designed to simulate a trading approach based on the RSI and MACD crossovers observed in the recent price movement. It employs a rules-based entry and exit framework, aiming to capture directional price trends during extended bullish periods like the one SOMI is currently experiencing.

The core of the backtest involves entering long positions when both RSI and MACD confirm the continuation of the uptrend, with a stop-loss placed just below a recent swing low. Exits are triggered when either indicator shows signs of divergence or when the price breaks below a defined moving average. This approach seeks to capitalize on the current momentum while managing downside risk through structured exits.