SOMI +10.98% Surges Dramatically in the Past Week and Month
On September 14, 2025, SOMI experienced a 10.98% increase over a single day, reaching a price of $1.3509. The
SOMI’s swift price climb indicates robust buying activity and a resurgence of interest in the project. Although there have been no formal announcements concerning new features or updates, the prevailing market reaction suggests a notable shift in sentiment. Market participants are closely monitoring whether this rally marks the start of a longer-term movement or is simply a short-lived spike caused by speculative trading.
From a technical perspective, indicators point to the possibility of continued upward movement. The Relative Strength Index (RSI) has displayed a bullish divergence, hinting at additional positive momentum. Moreover, both the 50-day and 200-day moving averages are trending firmly higher, supporting the notion that the rally may persist. Experts believe that further institutional involvement or announcements related to the project could fuel additional price gains, though there are currently no definitive predictions attached to these factors.
Backtest Hypothesis
The purpose of the backtest strategy is to assess a rules-based trading method using past price patterns and technical signals. The main concept involves initiating long trades when the 50-day moving average moves above the 200-day moving average—a pattern known as a "Golden Cross." Positions are closed when the reverse occurs, referred to as a "Death Cross." The strategy also utilizes RSI thresholds, entering trades only when RSI is below 30 to reduce the risk of buying into overbought conditions.
This method seeks to capture strong trending moves, similar to SOMI’s recent rally. Considering the asset’s performance over the past month, the strategy would have entered a long trade at a decisive support breakout. When applied to SOMI’s current pattern, the backtest indicates that this trend-following approach might have secured a significant share of the upward move, while limiting risk during sideways or corrective phases.
