SOMI - 411.13% Plunge in 24 Hours as Market Swings Wildly

On September 28, 2025,

plummeted by 411.13% in just 24 hours, falling to $0.7797 and registering one of the most significant single-day drops seen in recent times. Prior to this, the token had suffered an even more dramatic decline of 1889.9% over the previous week, which was preceded by a remarkable surge of 5703.82% in the past month and an identical increase over the last year. This sharp reversal has sparked renewed debate about the stability of SOMI’s price movements and the factors influencing its trajectory.

Market technicians have observed a significant breakdown in SOMI’s price pattern, with crucial support zones collapsing swiftly. Although the one-month rally had provided some stabilization, the recent 411.13% plunge indicates a shift in momentum. Experts anticipate continued turbulence as investor sentiment remains highly reactive to market news and broader economic trends.

This steep decline has not been linked to any specific event or news related to SOMI itself, but rather to overall market trends and asset repricing. Both investors and traders are now watching closely to see if the token can find a new equilibrium or if further declines are ahead. These recent price swings underscore the difficulties of managing risk in the fast-evolving digital asset sector.

SOMI’s price history demonstrates a cycle of rapid appreciation followed by abrupt corrections, a hallmark of speculative trading. While some analysts continue to debate the token’s long-term prospects, they agree that short-term risks are considerable. The heightened volatility has prompted institutional investors to become more cautious, with many reevaluating their exposure to digital assets.

Backtest Hypothesis

To explore ways to manage SOMI’s price swings, a backtesting methodology has been suggested. This approach utilizes moving averages and RSI indicators to pinpoint optimal buy and sell moments. The premise is that employing a mean-reversion strategy based on these signals could help investors reduce losses during downturns and benefit from recoveries during rallies.

The backtest involves initiating a short trade when the RSI surpasses 70, indicating an overbought market, and closing the position when the RSI drops below 30, signaling oversold conditions. Conversely, the strategy calls for entering a long position when the price moves above the 50-period moving average, and exiting when it falls below this threshold. This combined indicator method is designed to synchronize trades with SOMI’s volatility while aiming to control exposure to abrupt price changes.