Bitget App
Trade smarter
Buy cryptoMarketsTradeFuturesEarnWeb3SquareMore
Trade
Spot
Buy and sell crypto with ease
Margin
Amplify your capital and maximize fund efficiency
Onchain
Going Onchain, without going Onchain!
Convert & block trade
Convert crypto with one click and zero fees
Explore
Launchhub
Gain the edge early and start winning
Copy
Copy elite trader with one click
Bots
Simple, fast, and reliable AI trading bot
Trade
USDT-M Futures
Futures settled in USDT
USDC-M Futures
Futures settled in USDC
Coin-M Futures
Futures settled in cryptocurrencies
Explore
Futures guide
A beginner-to-advanced journey in futures trading
Futures promotions
Generous rewards await
Overview
A variety of products to grow your assets
Simple Earn
Deposit and withdraw anytime to earn flexible returns with zero risk
On-chain Earn
Earn profits daily without risking principal
Structured Earn
Robust financial innovation to navigate market swings
VIP and Wealth Management
Premium services for smart wealth management
Loans
Flexible borrowing with high fund security
SOMI Surges 4094.62% Within 24 Hours as Volatility Spikes and Upward Trend Continues

SOMI Surges 4094.62% Within 24 Hours as Volatility Spikes and Upward Trend Continues

Bitget-RWA2025/09/13 15:38
By:CryptoPulse Alert

- SOMI surged 4094.62% in 24 hours to $1.4387, contrasting a 463.29% 7-day drop. - The token showed 18138.73% gains over 1-month and 1-year periods, highlighting long-term bullish momentum. - Analysts attribute the volatility to speculative buying and algorithmic trading, advising caution amid liquidity risks. - A backtest strategy suggests using moving averages and RSI to capitalize on both uptrends and corrections.

On September 13, 2025, SOMI experienced a dramatic 4094.62% increase in just 24 hours, reaching $1.4387, even though the token had fallen by 463.29% over the previous week. Over the past month and year, SOMI posted matching gains of 18138.73%, indicating a persistent upward momentum. The sudden surge within a day highlights the token’s vulnerability to rapid price changes, despite broader short-term downward movements.

The explosive 24-hour growth of more than 4,000% appears to be fueled by heightened speculative interest after a consolidation period. Although there was a notable 463.29% decline in the week before, this swift rebound may signal a shift in market sentiment. The consistent one-month and one-year growth figures suggest that the overall bullish trend remains intact, even as short-term fluctuations continue. The contrast between short- and long-term results indicates that the market is likely influenced by both fundamental developments and automated trading strategies.

The recent price surge for SOMI stands in sharp contrast to the previous week’s steep decline, prompting speculation about the factors impacting the token’s valuation. The 4094.62% single-day jump ranks among the most significant daily moves in the crypto sector in recent times. Experts believe the token’s positive long-term direction could be sustained by factors such as greater institutional engagement or the achievement of major strategic goals. Nevertheless, given the evident short-term instability, traders are urged to pay close attention to liquidity and order book activity.

SOMI’s strong 24-hour performance has caught the eye of both individual and algorithmic traders, many of whom are evaluating the heightened volatility as a possible opportunity for short-term profit. The pronounced daily gain compared to the previous week’s losses could point to a market turnaround or concentrated buying from large investors. Ongoing monthly and annual gains further support a bullish outlook, suggesting the recent short-term drop may only be a temporary pullback and not a fundamental change in trend.

Backtest Hypothesis

SOMI’s significant price fluctuations present a compelling case for implementing either trend-following or mean-reversion strategies, especially when combined with tools like moving averages or the RSI. A backtesting approach might involve initiating long trades after a 50-period moving average crossover, using RSI as additional confirmation. Conversely, short positions could be considered when the RSI exceeds 70, with risk controls and profit targets set using Fibonacci retracement levels. This method aims to capitalize on both the overall upward trajectory and sharp short-term reversals.

0

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Earn new token airdrops
Lock your assets and earn 10%+ APR
Lock now!

You may also like

New spot margin trading pair — HOLO/USDT!

Bitget Announcement2025/09/12 07:46

FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

- FUN plunged 32.34% in 24 hours to $0.008938, marking a 541.8% monthly loss amid prolonged bearish trends. - Technical breakdowns, elevated selling pressure, and forced liquidations highlight deteriorating market sentiment and risk-off behavior. - Analysts identify key support below $0.0080 as critical, with bearish momentum confirmed by RSI (<30) and MACD indicators. - A trend-following backtest strategy proposes short positions based on technical signals to capitalize on extended downward trajectories.

Bitget-RWA2025/09/12 06:14
FUN drops by 32.34% within 24 hours as it faces a steep short-term downturn

OPEN has dropped by 189.51% within 24 hours during a significant market pullback

- OPEN's price plummeted 189.51% in 24 hours to $0.8907, marking its largest intraday decline in history. - The token fell 3793.63% over 7 days, matching identical monthly and yearly declines, signaling severe bearish momentum. - Technical analysts cite broken support levels and lack of bullish catalysts as key drivers of the sustained sell-off. - Absence of stabilizing volume or reversal patterns leaves the market vulnerable to further downward pressure.

Bitget-RWA2025/09/12 06:14
OPEN has dropped by 189.51% within 24 hours during a significant market pullback

New spot margin trading pair — LINEA/USDT!

Bitget Announcement2025/09/11 10:04