SOMI +356.85% in 24 Hours Amid Sharp Price Swings

On SEP 13 2025, SOMI surged by 356.85% within 24 hours to reach $1.0024, despite a 3,000.34% decline over the past seven days. Over a one-month and one-year timeframe, the asset recorded a 10,652.97% increase in value, reflecting extreme volatility and significant investor sentiment shifts.

Following the recent sharp price movements, SOMI has regained attention from traders and analysts. The 24-hour surge, while substantial, stands in stark contrast to the preceding week’s downturn. This pattern suggests a possible reversal in short-term momentum, as the asset’s price has moved from a multi-day bearish trend to a sudden spike. The dramatic price swing indicates heightened market speculation and potential strategic trading activity.

The market has responded with mixed signals. The rapid rise suggests strong short-term buying pressure, possibly fueled by algorithmic trading, market manipulation, or a sudden influx of liquidity. Analysts project that the continued volatility may not be sustainable in the near term, with many viewing the recent gains as speculative rather than indicative of long-term value.

Technical indicators suggest that the price action may be testing key resistance levels. The RSI (Relative Strength Index) has surged into overbought territory, indicating potential exhaustion in the upward movement. Additionally, the Moving Average Convergence Divergence (MACD) shows a narrowing histogram, hinting at the waning of the bullish trend. Traders are closely monitoring whether SOMI can maintain its recent upward trajectory or if it will retreat under profit-taking pressure.