SOMI has surged by 13,480.47% since the start of the year, driven by robust bullish momentum

On September 15, 2025, SOMI experienced a sharp decline of 690.38% in just 24 hours, falling to $1.1631. Over the next seven days, SOMI rebounded by 1,918.43%, and within a month, it soared by 13,480.47%. This same percentage gain was recorded over the past year as well.

Despite the substantial drop in the past day, SOMI’s price action over the previous year has been characterized by significant volatility and a pronounced upward trend. In just the last month, SOMI surged by 13,480.47%, highlighting a robust recovery and sustained market enthusiasm. The asset’s performance over the last week—with a 1,918.43% gain—demonstrates strong buying activity that continues to fuel its year-long rally.

The impressive 13,480.47% return over twelve months points to a dramatic shift in investor outlook. This remarkable rise is the result of intense trading activity and deliberate market positioning, as both investors and traders have demonstrated an increased appetite for risk. The recent sharp drop could be a temporary overcorrection or a routine retracement following prolonged gains. Nevertheless, the extraordinary growth over the past year signals SOMI’s shift from a speculative play to a more influential presence in the market.

Technical analysis indicates that the latest dip could serve as an entry point for long-term investors and may represent a test of important support zones. Although price fluctuations remain extreme, the overarching trend still benefits bullish participants, and the annual return further bolsters the story of SOMI evolving into a more mature asset class.

Backtesting Hypothesis

To assess the sustainability of the bullish momentum, a backtesting approach was utilized, focusing on entering long trades during periods of strong momentum and exiting on corrections. This strategy combined moving averages with RSI thresholds to signal buy and sell decisions, mirroring the technical analysis applied to SOMI’s recent trading activity.

The core hypothesis examined was whether taking long positions during rapid price increases—such as the 1,918.43% surge over seven days—would consistently generate returns, even in the face of steep one-day declines like the 690.38% drop. The backtest managed risk using stop-losses and profit targets determined by historical volatility and significant Fibonacci retracement levels during periods of heavy selling pressure.