Sonic’s price sits at a critical juncture right now. The token is showing signs of potentially reversing course or pulling back further after its recent strong run. Every move is under scrutiny as Sonic struggles to hold important support levels.
The market mood is shifting, and while resistance levels are holding strong, support zones are starting to feel the heat. After climbing impressively, Sonic now faces the challenge of maintaining its gains as technical indicators suggest caution ahead.
What you'll learn 👉
Sonic Price Analysis
The Sonic daily chart shows a clear pattern of bullish and bearish movements. Sonic went on a tear through December into early January, climbing to nearly $1.60 before hitting a wall and tumbling down. Since then, the chart has told a clear story – each rally peaking lower than the last and each dip digging deeper than before. This pattern of declining peaks and valleys through mid-February signaled bears were in control.
More recently, there has been a bit of a bounce, with a modest uptrend pushing Sonic toward the upper Bollinger Band. But as soon as it approached the psychologically important $1.00 mark, sellers stepped in and resistance held firm.
Current support is near $0.63, a key level that previously acted as support in late January. If Sonic’s price fails to hold this level, analysts expect further downside toward $0.40 – $0.45. The Bollinger Bands are expanding, signaling increasing volatility, while the middle band (SMA) around $0.75 has acted as dynamic resistance.
The MACD indicator shows a positive histogram, but momentum is weakening. The MACD line remains above the signal line, but a bearish crossover could confirm a stronger downward move. The RSI stands at 47.95, hovering near the neutral zone. A drop below 40 could indicate increasing bearish strength.
According to volume data, the current increase was driven by buying interest. But the volume is dropping along with the recent downturn, indicating that there isn’t much selling pressure. Although traders are still cautious, a spike in volume close to support levels may indicate a reversal.
Read also: The Crypto Market Crash Continues as Bitcoin (BTC) Price Drops to $80K—Here’s Why
Bullish Thesis: Sonic’s Growing Ecosystem
Crypto analyst Choze (@AlwaysBeenChoze) remains bullish on Sonic, citing its strong fundamentals.
He highlighted Sonic’s ability to process 370,000 transactions per second, calling it the fastest Layer 1 network. Additionally, the total value locked (TVL) has surged by 1,500% in three months, showing rapid ecosystem growth.
Sonic’s integration with AAVE V3, Pendle, and its near-zero transaction costs have fueled market optimism. The platform offers liquidity-delegated governance, perpetual liquidity, and advanced financial instruments, making it attractive for decentralized finance (DeFi) applications. Choze emphasized that Sonic is gaining steam reminiscent of the 2021 Fantom hype cycle.
Sonic & $S Bull Thesis.
— Choze👽 (@AlwaysBeenChoze) February 27, 2025
Everything you need to know, why Sonic is set to disrupt the Layer 1 race this year:
> Andre Cronje is on grinding mode
> 370,000 TPS (Fastest ever)
> TVL Growth 1,500% increase in 3 months
> Near-zero transaction costs
> EVM Compatimble
> Integration… pic.twitter.com/C4Bygpj7f1
All in all, Sonic must hold above $0.63 to maintain bullish momentum. There is a chance that the price will retest $1.00 if buyers intervene and drive it above $0.75. A slide into the $0.40–$0.45 support zone, however, might be triggered by a breach below $0.63.
Future price movements and volume patterns will determine the mood of the market. While additional weakness could pave the way for more significant corrections, a robust rebound could support the bullish argument.
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