SOMI surges by 1898.45% within 24 hours as significant short-term profits are recorded

On September 13, 2025, SOMI experienced a dramatic 1898.45% surge in just 24 hours, reaching a value of $1.1409. Despite this, the token dropped 1954.5% over the previous week, but still recorded substantial gains of 13738.81% over the past month and year. These mixed results underscore SOMI’s extreme volatility and rapid shifts in momentum.

This short-term spike indicates a change in market sentiment as investors responded to notable on-chain developments and optimistic technical indicators. While the weekly drop points to a pullback after a rapid increase, the significant monthly and yearly advances reveal persistent interest and confidence in SOMI. The remarkable one-day rise has caught the eye of both retail and institutional traders, many of whom are debating whether this surge is the start of a longer-term uptrend or simply a brief rally.

SOMI’s recent price action has prompted technical analysts to take a fresh look at its chart formations. Market participants are paying particular attention to support and resistance levels, especially near the $1.1409 price point. Key technical measures, such as moving averages and trading volume, indicate a notable increase in buying interest following the sharp rally. These metrics are now being used to identify possible buying and selling opportunities, with some experts speculating about the formation of a continuation pattern.

Technical analysts are combining price movement and blockchain data to judge the strength of SOMI’s current trend. A major point of focus is whether the token can maintain values above important moving average thresholds—a sign that could reinforce a bullish perspective. Recent performance has also encouraged traders to backtest strategies based on these technical signals, as they seek consistent patterns to inform future trades.

Backtest Thesis

The backtesting method being explored aims to determine how well technical indicators can identify and profit from SOMI’s recent price acceleration. The theory is that a systematic approach—triggered when the price moves above certain moving averages alongside a notable rise in trading volume—could have effectively captured the latest 24-hour jump.

In this strategy, the main signals are the 50-period and 200-period exponential moving averages (EMAs). A buy is signaled if the price closes above both the 50-EMA and 200-EMA, and trading volume exceeds 150% of the 20-day average. The position is exited either if the price closes below the 50-EMA or after a set holding period of five days, whichever comes first. This method is designed to take advantage of short-term upward momentum while reducing the risk from sudden reversals.

To assess its effectiveness, the strategy is tested with price data from the past 90 days, focusing on how often these criteria were met and how they compared to real price movements. The objective is to see whether combining moving average crossovers with strong volume provides a meaningful advantage in SOMI’s volatile market conditions.