SOMI +5167.69% in 24 Hours as Unprecedented Gains Continue

On SEP 7 2025, SOMI surged by 5167.69% within 24 hours, reaching $1.5453, marking one of the most dramatic single-day price increases in its history. The digital asset also rose by 21991.46% over the past 7 days, 21991.46% in one month, and 21991.46% in the past year, reinforcing a pattern of rapid and sustained appreciation.

This sharp increase follows a series of on-chain and market developments that have fueled speculation and demand. Traders and investors are observing a significant shift in sentiment, driven by a combination of increased exchange inflows and a growing number of active wallets. Analysts project that these trends could continue, provided on-chain activity remains robust and liquidity supports further price discovery.

From a technical standpoint, the recent price action has drawn attention from traders monitoring key resistance and support levels. SOMI’s rapid ascent suggests a breakout from a prior consolidation phase, with momentum indicators showing sustained upward pressure. The Relative Strength Index (RSI) has entered overbought territory, indicating a potential for a short-term correction, though strong bullish momentum may delay such a pullback.

The Moving Average Convergence Divergence (MACD) has remained positive for the past several days, signaling continued buying interest. Meanwhile, the 200-day moving average appears to be transitioning from a bearish to a neutral position, suggesting a shift in medium-term investor expectations.

Backtest Hypothesis

In evaluating potential strategies for capitalizing on this movement, a backtesting hypothesis has been proposed based on the same technical indicators observed in recent trading behavior. The strategy involves a long position initiated when the price closes above its 50-day moving average, accompanied by a positive MACD crossover and RSI above 50. This combination aims to capture sustained upward momentum while minimizing exposure to false breakouts.

The strategy includes a dynamic stop-loss at the 20-day moving average and a take-profit level aligned with the nearest Fibonacci extension. The backtesting framework is designed to assess the strategy's viability under similar historical conditions, focusing on entry timing, position sizing, and risk management.