Sonic (prev. FTM) is starting to grab some serious attention. After a strong bounce off a key support zone, the token is showing signs that it might be gearing up for a bigger move. Crypto expert Finish hinted that this could just be the beginning on X, and when you line that up with what’s happening on the charts, the case for a continued pump starts looking solid.
Sonic (S) price made a sharp comeback after touching the $0.4004 support level. Since then, it’s jumped close to 19% and is now trading around $0.4691. Even the trading volume is heating up, jumping over 50%, which usually points to growing interest and momentum.
Looking at the daily chart, things are starting to shape up for the bulls. There’s a clear structure forming that could take the price up to around $0.6355 if the move continues. And while $0.3186 is still the safety net below, right now, it looks like buyers are stepping in with confidence.
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Sonic Price Resistance Levels and Technical Structure
The next immediate resistance stands at $0.6355, with higher levels marked at $0.7821 and $0.9868. Sonic price action has shown strong rejection from the lower zones, creating a possible V-shaped recovery. Despite trading below the 200-day EMA, the short-term trend appears to be shifting upward due to the strong bounce and increasing volume.
The RSI is at 45.81 and climbing. If it pushes past 50, that could be a sign that buyers are gaining momentum, and we might see the bullish trend pick up even more in the next few days.
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Furthermore, Finish pointed out the strong bounce from the $0.40 support and hinted that Sonic (S) price could go even higher. He also highlighted how fast Sonic is growing, calling it one of the leading EVM chains right now, with over $1 billion locked in its ecosystem.
The tweet also gave a nod to Andre Cronje, someone well-known in the DeFi space, which might be a subtle clue that something new or big could be coming soon for the Sonic ecosystem. This mention contributed to increased attention around the project.
Sonic Price Short-Term Outlook and Market Context
The market appears to be watching Sonic (S) closely as it tests key levels. A clean break above $0.50, followed by sustained momentum, could confirm the projected move toward $0.6355. While Sonic price structure and RSI suggest strength, the token remains below the 200 EMA, which continues to act as a longer-term resistance marker.
As traders assess price behavior and social signals, Sonic’s recent performance may determine whether a full trend reversal or extended rally is underway. The coming sessions will be closely observed for confirmation.
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