On September 14, 2025, SOMI plummeted by 882.33% in a single day, hitting $1.2267. Over the following week, SOMI surged by 829.63%, climbed an astounding 15,305.13% during the past month, and matched that same percentage gain across the previous year.
In the last 30 days, SOMI underwent a steep correction, then staged a rapid turnaround. After the dramatic 24-hour drop of 882.33%, the asset experienced a remarkable comeback. The price soared by 829.63% in just seven days, hinting at a transition from downward pressure to a bullish upswing. This swift recovery has drawn significant attention from investors, especially given the 15,305.13% annual increase. These recent patterns indicate the emergence of a strong reversal trend on the charts.
The impressive price rally over the last month is mainly credited to improved market sentiment and potential catalysts within the wider ecosystem. Although the reasons behind the sharp one-day decline remain uncertain, the subsequent strong bounce points to substantial market resilience. While analysts have yet to issue concrete predictions, they observe that the rapid rebound could reflect growing buyer confidence and the establishment of a new support range. The weekly gain has pushed the price well above previous peaks, strengthening the bullish momentum.
Technical traders and analysts have been concentrating on the possible emergence of a sustained bullish trend over multiple weeks, as price action has shown robust volume confirmation during the recent recovery. This has sparked renewed interest in SOMI, with market watchers closely monitoring for signals of either consolidation or continued upward movement. The 15,305.13% increase throughout the last year points to a major long-term shift, possibly fueled by broader macroeconomic trends or advances in the ecosystem.
Backtesting Hypothesis
In light of the recent market behavior, a backtesting approach has been suggested to assess the strength of the current bullish trend. This approach centers on spotting optimal entry points after significant corrections and tracking the following momentum. The hypothesis posits that when a correction exceeds 800%, followed by a rebound of 800% or more over the next week, it serves as a robust indicator for further gains. The strategy would involve placing a stop-loss just beneath the lowest point of the 24-hour drop and targeting profits based on the one-month and one-year performance. It assumes that SOMI's core fundamentals remain strong and that the recent momentum is part of a broader trend, not just a short-term anomaly.