SOMI has surged by 14619.61% over the past year, despite fluctuations in the market.

On September 13, 2025, SOMI experienced a staggering 1132.02% drop within a single day, falling to $1.2274. Despite this steep decline, the token has rebounded significantly, jumping 536.26% over the past week and boasting an extraordinary 14619.61% gain over the last month and year, respectively. These statistics underscore the project's intense price fluctuations and indicate it may be approaching a pivotal moment.

This pronounced 24-hour plunge came on the heels of an extended spell of high trading volumes. Analysts observed that the downturn occurred in the context of a wider negative sentiment impacting various altcoins. Although the immediate trend appears bearish, SOMI's performance over the longer term has shown impressive strength, with a notable upward trend throughout the past year. Experts believe this contrast between short-term losses and long-term gains could draw in traders hoping to leverage volatility and benefit from coming corrections.

Technical analysis reveals conflicting signals. Short-term momentum indicators like the RSI and MACD have entered oversold zones after the recent drop, hinting at a possible near-term recovery. Meanwhile, the longer-term moving averages still point upward, suggesting the yearly uptrend remains intact. This combination sets the stage for both quick rebounds and continued bullish movement in the longer run, depending on how trading activity and market sentiment develop in the near future.

The dynamic between SOMI’s short-term price swings and its sustained upward trend has led traders to consider various strategies. One such method is to use the oversold levels on the RSI and MACD as signals to enter long trades, with stop-losses set below critical supports established during the recent sell-off. This approach seeks to take advantage of potential recoveries while enforcing careful risk controls.

Backtest Hypothesis

An outlined backtesting approach seeks to analyze whether the RSI and MACD can serve as effective trade triggers in SOMI’s volatile market conditions. The plan includes opening long trades when the RSI drops beneath 30 and the MACD signals a bullish crossover, utilizing a stop-loss at a chosen support level. Trades would be closed either when the RSI climbs back above 70 or if the MACD crosses below its signal line. The backtest will review activity from July through September 2025, using the recent sharp moves to measure the strategy’s performance.

This analysis will aim to determine the success rate, risk-to-reward balance, and largest drawdowns of the method. The intent is to assess if this strategy could have taken advantage of the recent 536.26% weekly surge and effectively navigated the 1132.02% daily plunge in a systematic way.