SOMI surges by 7413.26% within 24 hours as strong bullish momentum drives gains

On September 7, 2025, SOMI experienced a dramatic 7413.26% increase in just one day, reaching a value of $1.7873. Over the last seven days, the token soared by 26753.46%, mirroring the same percentage gains over both the past month and year. This price movement indicates a robust and persistent upward trend, characteristic of a high-momentum market phase.

The token's price development points to significant accumulation and a breakout pattern, marked by rapid gains across various periods. The explosive 24-hour jump sparked notable trading activity and heightened interest, with the token surpassing major resistance points. Market experts believe this momentum could persist, contingent on the strength of buy-side support and continued upward pressure.

Technical analysis tools are also highlighting a strong probability that the rally will continue. Both the Relative Strength Index (RSI) and the Moving Average Convergence Divergence (MACD) demonstrate pronounced bullish signals and upward momentum. The 50-day and 200-day moving averages are both on the rise, which suggests the positive trend could extend further.

Recent trading sessions have shown minimal downward corrections, with buying demand consistently overpowering any attempts at a price drop. Participation from both institutional and retail investors seems to be well-aligned, resulting in a more stable and liquid market. The lack of extreme volatility during such a significant move indicates the rally is proceeding in a measured and controlled fashion, rather than being a sudden spike or crash.

This favorable technical landscape has drawn attention from quantitative analysts as well as long-term investors, who are currently assessing optimal points of entry and effective risk management plans for additional investments.

Backtesting Approach

In light of the recent price movement and technical factors, a suitable backtesting method might involve spotting comparable patterns in previous market data. This could mean initiating long trades when the RSI moves above 50, with MACD confirming a bullish trend, and the 50-day moving average positioned above the 200-day average. Stop-losses might be placed at the closest support beneath the entry, and trailing stops could be used as the trend develops.

Such a method aims to secure early positions in breakout scenarios and benefit from momentum until there are indications of a slowdown. Applying this strategy to past periods of strong momentum may help evaluate its effectiveness in environments with high trading volumes and relatively low volatility.