Sonic (S) price is showing some strength today after bouncing back from its recent low near $0.25. It’s now trading around $0.3225, up more than 7% over the past day, with trading volume also climbing over 20%. The renewed interest comes as on-chain activity and ecosystem stats continue to improve, giving traders something to pay attention to again.
Looking at the 4H chart, the overall trend has been downward, with the price making lower highs and lower lows since June. A descending trendline has been acting as strong resistance, and Sonic is now pushing up against that same level near $0.335–$0.340. Throughout the month, multiple breaks of structure confirmed the bearish bias.
That said, Sonic price held up well around the $0.245–$0.255 zone, which has become a solid support area. After bouncing from that range, price action looks more optimistic, and Sonic is now approaching that trendline once again. If it can break and hold above it, that could signal a shift in momentum and possibly open the way for more upside.
In addition, the RSI is hovering around 59. It’s been rising consistently from oversold levels and just put in a bullish crossover above its moving average, which is a signal that momentum’s building. That’s normally a good situation to short a short-term advance, but in order to confirm it for real, the price still has to break out above the trendline.
Sonic Onchain Metrics Reflect Growing Interest
Token Insight reports that Sonic is now ranked #16 by Total Value Locked (TVL), with $580 million secured on-chain. The stablecoin market cap stands at $333 million, with 24-hour DEX volume at $34 million and perpetuals at $5 million.
Inflows over the past 24 hours reached $650,000, and fees paid totaled $88,000. The market cap currently sits at $959 million, signaling renewed participation.
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🚀 Sonic (@SonicLabs) is now ranked #16 by TVL!
— Token Insight (@tokeninsight_io) July 2, 2025
🔹 TVL: $580M
🔹 Stablecoin Market Cap: $333M
🔹 DEX Volume (24h): $34M
🔹 Perps Volume (24h): $5M
🔹 Inflow (24h): $650K
🔹 Fees Paid (24h): $88K
🔹 Market Cap: $959M
📢 Bullish on $S and the growth of @SonicLabs!
❤️ Like & 🔁… pic.twitter.com/eiBku1j2ns
What’s Next For Sonic (S) Price?
On X (formerly Twitter), crypto trader 0xPartisan suggested that the $0.25 level may have marked Sonic’s all-time low. The account highlighted a daily higher high and noted that upcoming resistance levels to watch include $0.42, $0.53, and $0.62.
Sonic $S possible outcome !!!
— 0xPartisan (@SpacePoernchen) July 2, 2025
1⃣We might saw the ATL of Sonic at $0.25
2⃣It made a "higher high" in the daily
3⃣Targets to keep an eye on $0.42 / $0.53 / $0.62
4⃣If market behave good we could see this price movement and with the right catalyst like FT launch pump back to $1… pic.twitter.com/rhYtk8tEQq
If broader market conditions align and a fundamental catalyst such as a Feature Token launch emerges, the analyst suggested $S could potentially revisit the $1 mark.
Sonic’s setup is attracting attention as technical and on-chain signals begin to align. Traders will be monitoring whether Sonic price can break through current resistance and sustain upward momentum in the days ahead.
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