SOMI experiences a 578.1% increase within 24 hours as short-term momentum accelerates
On September 13, 2025, SOMI experienced an extraordinary 578.1% price surge within a single day, reaching $1.0401 and sharply reversing its recent downward pattern. Although the asset had plunged by 2847.29% over the previous week, it still achieved substantial growth of 11104.56% over both the past month and year. The dramatic 24-hour upswing points to heightened investor activity, possibly fueled by a shift in market sentiment or changing trading dynamics.
This recent stretch of volatility highlights SOMI’s speculative character, with abrupt price jumps and drops happening in rapid succession. Both investors and traders are keeping a close eye on the asset, watching for indications of either a sustained rally or a return to stability. Market analysts believe that the upcoming days will be crucial in revealing whether this spike marks the start of a longer-term uptrend or is merely a fleeting jump.
Technical analysis indicates a breakout formation after an extended period of losses. The price has surpassed a significant resistance point that previously hindered upward progress, suggesting that the current momentum may be genuine. Both the RSI and MACD indicators point to a bullish shift, with the RSI moving out of oversold conditions and the MACD crossing into a positive range. These technical signals may support continued upward movement as long as the trend is maintained.
Backtest Hypothesis
To test whether the recent surge in momentum is sustainable, a backtesting approach was implemented using breakout signals observed in the technical data. The strategy follows a rules-based framework: a long position is initiated when the price moves above a key resistance and closes above it. The stop-loss is set at the most recent swing low, while the take-profit target is established at the next significant resistance area.
The rationale for the backtest is to analyze if similar breakout patterns have produced profitable results during previous periods of high volatility for SOMI. The underlying hypothesis is that, if the breakout proves statistically reliable and consistent, this approach can offer traders a useful model for identifying comparable opportunities going forward.
