SOMI Sees 80.53% Surge in 24 Hours During Unstable Market Activity

On September 27, 2025,

soared by 80.53% in just one day, reaching a value of $0.88—marking one of the most significant price surges in the token’s recent timeline. In the previous week, the token had plummeted by 638.89%, but over the last 30 days, it rebounded by an impressive 7823.43%, matching its annual growth rate of 7823.43%. These dramatic shifts underscore the asset’s high volatility, largely fueled by speculative trading and swift changes in market mood.

This 24-hour rally has caught the eye of both traders and market analysts, many of whom see the move as a brief speculative bounce rather than the start of a lasting trend. The price surge came after a phase of stabilization and a steep pullback, sparking renewed discussion about the token’s underlying value and its prospects for sustained growth. Expert opinions remain divided: some interpret the spike as a bullish indicator, while others caution against the dangers of overextension in such a turbulent market.

Recent technical analysis reveals that key support and resistance levels have converged near the $0.88 mark. Both the RSI and MACD are indicating short-term momentum, but their current readings suggest the asset may be entering overbought territory. Investors are monitoring closely for a breakout above this level, which could either confirm the ongoing upward movement or hint at an impending reversal.

These market fluctuations mirror a broader trend observed in speculative cryptocurrencies, where rapid price escalations are often followed by prolonged corrections. The dramatic rise over the past month has condensed what would typically be a lengthy recovery into just a few weeks, prompting debate over whether such momentum can be maintained. The market remains split on whether this signals a maturing asset class or simply reflects continued high-risk, short-term trading strategies.