SOMI sees a 414.53% surge within 24 hours as market volatility intensifies

On September 23, 2025,

soared by 414.53% in just 24 hours, reaching a value of $0.9673 after having dropped 2376.52% over the prior week. Over the last month, SOMI has climbed 9843.37%, mirroring its growth over the past year. This remarkable one-day surge underscores the token’s high volatility and suggests that algorithmic trading or sudden changes in market sentiment may be at play.

Recent observations from developers and market analysts point to heightened on-chain activity, hinting at a possible reassessment of SOMI’s underlying value. Although the project team has not issued any formal updates, blockchain data reveals a notable uptick in large transactions and a broader distribution among wallets, which could indicate shifting ownership patterns. These trends may reflect increasing interest from institutional or strategic investors.

Chart analysis shows SOMI rebounding sharply from a recent low, breaking through important resistance points. The price movement has created a bullish reversal formation, with a divergence between price and RSI suggesting that bearish pressure is fading. Experts believe that if the current momentum holds and the price remains above $0.90, further upward movement is possible.

Backtest Hypothesis

The suggested backtesting method involves taking a long position when the price moves above the 50-period moving average, provided there is a bullish divergence in the RSI. The position is closed if the price falls below the 20-period moving average or achieves a 10% profit. Considering the recent price developments and the identified pattern, this strategy is designed to capture momentum-driven gains while controlling risk through clear exit and stop-loss criteria. Its effectiveness is based on SOMI’s recent tendency to respond strongly to moving average thresholds and RSI signals.