SOMI +3161.58% in 24 Hours Amid Explosive Short- and Long-Term Gains

On OCT 1 2025, SOMI surged by 3161.58% within 24 hours to reach $0.9446, marking one of the most dramatic price movements in the asset's recent history. Over the past week, the coin has climbed 789.23%, and over the past month, it has surged by 3130.78%. Annual performance has been even more pronounced, with a 9076.48% increase in one year. The recent developments are largely attributed to the news surrounding SOMI, which has driven a strong market response.

SOMI has been at the center of renewed investor attention following the release of key developments related to the project’s roadmap and strategic partnerships. While specific details have not been disclosed in full, market participants are interpreting these updates as positive catalysts for the token’s future utility and adoption. The sharp price movements reflect the confidence and optimism being shown by traders and investors reacting to the news.

Technical indicators have also aligned with the bullish sentiment. The Relative Strength Index (RSI) has moved significantly into overbought territory, while the Moving Average Convergence Divergence (MACD) shows a strong positive divergence, suggesting a continuation of the upward trend. The 50-day and 200-day moving averages are currently supporting the price, reinforcing the strength of the recent rally.

Backtest Hypothesis

The recent price action of SOMI is being analyzed through a structured backtesting strategy that evaluates the performance of a hypothetical trading system based on the same technical indicators that are currently showing bullish signals. The strategy is designed to enter long positions when the 50-day moving average crosses above the 200-day moving average, a signal commonly referred to as a “golden cross.” Exit points are determined when the 50-day moving average crosses below the 200-day moving average, known as a “death cross.” The strategy also includes a stop-loss at the 10-day low and a take-profit level of 100% from the entry price.

By applying this system to historical data, the backtest aims to determine whether the technical signals would have captured the magnitude of SOMI’s recent gains. Given the alignment of the RSI, MACD, and moving averages, the system is expected to generate long signals that would align with the current price trajectory. However, it is important to note that this strategy is being tested in isolation and is not a recommendation for individual trading decisions.