- Sonic climbed 16.81% in 24 hours, reaching a high of $0.61.14.
- Sonic’s bullish trend supported by 122% rise in trading volume.
- Key resistance at $0.6199 could lead to new highs if broken.
Sonic Token (S) has experienced a significant surge, rising by 15.28% over the last 24 hours, reaching $0.6080. This surge is accompanied by a notable increase in trading volume, which jumped by 122%, reaching $193.73 million. With the current market capitalization standing at $1.74 billion, Sonic’s upward momentum is drawing considerable attention from investors. The token’s recent high of $0.61.14 reflects its strong price performance as Sonic edges closer to recovering from its all-time high of $1.03.
Sonic Gains Momentum After Reclaiming 0.50 Support Level
After successfully reclaiming the $0.50 mark, Sonic token is pushing toward a new local high. The price chart reveals an upward trend, indicating that Sonic has gained strong bullish momentum. Investors are increasingly optimistic as the token continues its rise, potentially setting the stage for further growth.
With an increase in trading volume during this move, the strong investor sentiment further solidifies the token’s bullish outlook. As Sonic targets new highs, this growth is expected to continue in the near term, especially as more decentralized applications (dApps) are deployed on the network, driving further interest.
60+ apps now participate in FeeM.
— Sonic Eco (@SonicEcosystem) March 20, 2025
They're earning 90% of the network fees generated by their apps, directly rewarding them for user activity.
Only on Sonic.
Sonic Token Faces Key Resistance at 0.6099 With Bullish Signs
Sonic is currently facing key resistance at the $0.6199 level. This point is critical, as it will determine whether the token can break through and continue its upward movement. The entry point for traders is at $0.5768, with a target of $0.5983 and a stop loss set at $0.5290. The momentum remains strong. If Sonic manages to break above $0.6199, it could target even higher prices in the near future.
Technical indicators also point toward Sonic’s further growth. The Relative Strength Index (RSI) currently stands at 56.73, indicating a neutral market with room for upward movement if the bullish trend persists. Additionally, the MACD shows a slight positive divergence, with the histogram shifting toward the positive side, signaling that Sonic could experience further gains if the current momentum continues.
Investors should monitor the key levels of support at $0.5008 and resistance at $0.6199 to assess the strength of Sonic’s bullish momentum.
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