SOMI +392.33% in 24 Hours Amid Strong Market Momentum

On OCT 3 2025, SOMI surged by 392.33% within 24 hours to reach $0.8483. Over the past week, the asset climbed 570.24%, marking a 1757.21% increase in a month and a staggering 7080.96% rise over the past year. These figures indicate robust upward momentum across multiple timeframes.

The recent performance of SOMI reflects a sharp reversal from prior bearish trends. Multiple technical indicators have aligned in a bullish configuration, suggesting sustained upward pressure. The Relative Strength Index (RSI) has crossed key resistance levels, signaling potential for continued price appreciation. Meanwhile, the Moving Average Convergence Divergence (MACD) has shown a positive crossover, reinforcing the strength of the uptrend. Analysts project that the momentum could persist as long as these indicators remain positive and key support levels hold firm.

Technical analysts have closely monitored SOMI’s price trajectory for signs of consolidation or correction. So far, the asset has shown no signs of losing steam. Price levels have consistently outperformed moving averages, including the 50-day and 200-day averages, indicating strong demand. This divergence between short-term and long-term averages often signals a continuation of the current trend.

Given the recent technical strength observed in SOMI, a potential backtest strategy could be structured around key bullish indicators. The hypothesis would involve entering a long position when the RSI crosses above 50 and the MACD line moves above the signal line. A stop-loss would be placed at the nearest key support level, while the take-profit target would be set at the next identifiable resistance level. This approach assumes that the asset will continue to follow the established uptrend, leveraging the current momentum to generate profit. The strategy would be tested over historical data to evaluate its reliability and risk-adjusted returns.