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SOMI sees a 2934.34% surge over 24 hours as short-term fluctuations remain high

SOMI sees a 2934.34% surge over 24 hours as short-term fluctuations remain high

Bitget-RWA2025/09/13 16:06
By: CryptoPulse Alert
- SOMI surged 2934.34% in 24 hours but fell 1255.43% weekly, while gaining 15801.46% over one month and one year. - Analysts attribute the volatility to market sentiment shifts or trading bot activity, though no official catalysts have been confirmed. - Technical indicators show overbought RSI and bullish MACD, but weekly declines raise sustainability concerns despite strong long-term demand.

On September 13, 2025, SOMI skyrocketed by 2934.34% within a single day, climbing to $1.2719 and showcasing a rapid recovery in its short-term trajectory. Nonetheless, the token saw a considerable setback over the previous week, plummeting by 1255.43%. From a broader perspective, SOMI has delivered an impressive 15801.46% increase over both the past month and year, reflecting a robust long-term growth pattern.

This notable surge over the past 24 hours has sparked fresh interest among traders and investors, especially those attracted to assets with high price volatility. Experts point out that, although the daily rally is exceptional, it fits the general patterns observed in speculative cryptocurrencies. Market watchers are investigating possible reasons behind the sharp movement, such as rapid sentiment changes, algorithmic trading, or reactions to news—yet no official explanations or announcements have been provided so far.

Reviewing major technical signals, SOMI’s significant daily jump has driven it into an overbought position according to commonly used momentum indicators like the Relative Strength Index (RSI), which is now nearing its upper limit. The Moving Average Convergence Divergence (MACD) indicator also shows a bullish turn, indicating positive momentum in the short term. Still, the weekly loss of 1255.43% brings up questions about the token’s ability to maintain its position, as it remains highly responsive to shifts in the market.

Even with such volatility, the long-range outlook continues to be positive. SOMI’s 30-day and 365-day performances, each recording a 15801.46% rise, underscore persistent demand or speculative interest that has held strong despite frequent short-term swings. This trend indicates that, although daily price changes are pronounced, the overarching market sentiment remains favorable for the asset.

SOMI’s recent price activity highlights the importance of technical trading strategies that can adapt to swift, short-lived fluctuations. Many traders are increasingly adopting high-frequency approaches to take advantage of significant intraday movements, often combining these tactics with risk controls to protect against the corrections that have appeared over the weekly period.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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