SOMI Rises by 518.16% in a Day as Short-Term Profits Soar

On September 23, 2025,

soared by 518.16% in just 24 hours, reaching a value of $0.9735. This remarkable surge followed a steep decline of 2306.97% over the previous week. The digital asset showed a robust comeback, posting a 10024.41% gain over the last month and matching that percentage over the past year, underscoring its high volatility and resilience in the crypto market.

SOMI’s rapid price increase has reignited interest among both traders and market analysts, who are now investigating the factors driving this sharp rally. Although no single event has been identified as the main trigger, recent updates to SOMI’s tokenomics and shifts in overall market sentiment seem to have contributed. Despite the price jump, there have been no significant changes in the broader market landscape or major macroeconomic developments.

From a technical analysis perspective, the strong 24-hour recovery is being fueled by crucial on-chain data that points to a sudden uptick in buying activity. Short-term technical signals have turned bullish, which is consistent with the observed price movement. Experts suggest that if this momentum holds, SOMI may soon challenge important resistance points, potentially confirming the strength of its recent breakout.

Backtest Hypothesis

To backtest the technical indicators applied to SOMI’s latest price surge, one could use a systematic strategy for entering and exiting trades. This approach would aim to take advantage of similar short-term recoveries by opening positions when essential on-chain metrics surpass set levels. Exits would be determined by either hitting a stop-loss or securing profits with a trailing stop, depending on price and volume trends. The goal of this strategy is to identify high-probability reversal trades in highly volatile assets like SOMI.