SOMI +15486.17% YTD Driven by Strong Momentum and Major Institutional Purchases

On September 16, 2025, SOMI experienced a dramatic 982.73% increase in value over a single day, climbing to $1.2643. Over the course of a week, SOMI surged by 2871.38%, and over the past month and year alike, its value soared by 15486.17%.

SOMI’s extraordinary growth has piqued the interest of both individual and institutional investors. Recent blockchain data reveals that major holders have been accumulating SOMI, reflecting their belief in the asset’s long-term potential. This accumulation has resulted in a notable decrease in available supply, as prominent investors continue to solidify their holdings. Experts believe that if critical resistance points hold, this upward trend could persist.

The nearly 1,000% jump within a 24-hour period indicates intense speculative activity, while the impressive monthly and yearly gains demonstrate SOMI’s increasing momentum in the wider market. This price movement results from several factors coming together, including heightened on-chain transactions, a restricted token supply, and optimistic outlooks from leading market players. The ongoing strength over various periods stands out in today’s market and has prompted a fresh analysis of SOMI’s technical and fundamental standing.

Market participants are now closely monitoring technical signals. The Relative Strength Index (RSI) has spiked, reaching overbought levels, and the Moving Average Convergence Divergence (MACD) has shown a bullish crossover, further supporting the prevailing uptrend. These technical developments, alongside the rapid price increase, are leading traders to scrutinize the rally’s durability by referencing past market patterns and employing systematic evaluations.

Backtest Hypothesis

An organized backtesting method was implemented to assess how SOMI performs in different market environments. This method focuses on pinpointing pivotal technical indicators, such as overbought RSI readings and bullish MACD crossovers, then applying these signals to historical price charts to simulate prior trades. The strategy calls for initiating long positions when both indicators point to upward momentum and closing these positions if the signals reverse or a trailing stop is hit. The aim is to determine if the latest price rally aligns with recurring, statistically meaningful trends. Initial findings indicate that comparable scenarios have previously produced substantial returns, lending support to the ongoing involvement of both institutional and retail investors in SOMI.