SOMI Surges 186.52% in 24 Hours Amid Strong Momentum

On OCT 1 2025, SOMI rose by 186.52% within 24 hours to reach $0.8916, SOMI rose by 241.6% within 7 days, rose by 2464.3% within 1 month, and rose by 8108.22% within 1 year.

SOMI has recently demonstrated a powerful upward trajectory, with its price rising dramatically across multiple timeframes. The asset has shown consistent strength, reflecting sustained investor interest and strong technical momentum. Over the last 24 hours, the coin has posted an impressive 186.52% gain, a performance that underscores its current bullish trend. This sharp rise is part of a broader pattern, with the one-month return reaching 2464.3%, indicating a fundamental shift in market perception.

From a technical standpoint, the recent price action has been marked by a clear breakout from previous consolidation levels. Key resistance levels have been decisively overcome, and the asset has extended its gains into new territory. The RSI and MACD indicators have aligned in a bullish fashion, confirming the strength of the current rally. These indicators suggest that the upward movement is supported by both momentum and volume, although the extremely high volatility remains a factor to monitor.

The 7-day and 30-day returns also show a continuation of the long-term trend, with the coin maintaining a high rate of acceleration. This sustained performance has drawn attention from both retail and institutional investors, many of whom view SOMI as a high-conviction, high-risk asset in a fast-evolving market.

Backtest Hypothesis

A proposed backtesting strategy for SOMI is based on leveraging the recent breakout and continuation pattern. This approach involves entering a long position following a confirmed breakout above a key resistance level, with stop-loss placed below the breakout point to manage downside risk. The strategy also incorporates a trailing stop based on the 50-period moving average to capture gains while allowing for continued upside potential. The exit condition is triggered either by a significant pullback or when the RSI indicates overbought conditions. This method aims to capitalize on the strong momentum while maintaining risk discipline.