SOMI +414.53% in 24 Hours Amid Volatile Market Conditions

On SEP 23 2025, SOMI surged by 414.53% within 24 hours to reach $0.9673, following a sharp 2376.52% decline over the previous seven days. Over the past month, the token has experienced a 9843.37% increase, and over the past year, it has seen an identical 9843.37% rise. The dramatic 24-hour rebound highlights the token’s volatility and the potential influence of algorithmic trading or market sentiment shifts.

Developers and analysts have noted increased on-chain activity in recent days, suggesting a potential re-evaluation of SOMI’s fundamentals. While no official statement from the project has been released, on-chain data indicates a significant number of large transfers and reduced wallet concentrations, signaling a possible shift in distribution dynamics. These developments suggest growing institutional or strategic investor interest in the token.

Technical analysis of SOMI’s chart reveals a sharp recovery from a recent trough, with the token piercing key resistance levels. The price action has formed a bullish reversal pattern, supported by a divergence between price and the RSI, indicating waning bearish momentum. Analysts project that further gains may be likely if the current trend continues and the price sustains above the $0.90 level.

Backtest Hypothesis

A proposed backtesting strategy involves entering a long position when the price breaks above a 50-period moving average, supported by a bullish divergence in the RSI. The strategy exits on a close below the 20-period moving average or upon reaching a 10% profit target. Given the recent price action and the pattern identified, this approach aims to capture momentum-based gains while managing risk through defined stop-loss and exit points. The strategy’s viability is rooted in the token’s demonstrated tendency to react sharply to key moving average levels and RSI signals, as observed in its recent price trajectory.