Sonic (S) Price Just Broke Out! On-Chain Activity Skyrockets: Is This the Next 100x Altcoin?
Sonic’s (prev FTM) price has gained momentum, surging over 17% in a single day. The network’s on-chain activity is accelerating, driven by rising total decentralized exchange (DEX) volume, which is approaching $2 billion. The increasing adoption of Sonic’s blockchain, low fees, and growing ecosystem of projects have fueled speculation about its potential long-term growth.
Crypto expert Sjuul from AltCryptoGems pointed out the coin’s strength on X, referencing previous bullish calls on $S. The tweet read, “Told you how to find strength. Told you $S (Sonic – $FTM) was really strong. And the rest is history!” The statement suggests that the breakout was anticipated, reinforcing investor confidence.
What you'll learn 👉
Sonic Price Movement and Technical Analysis
S has formed a cup-and-handle pattern, a well-known bullish technical setup. Looking at the charts, we can see Sonic’s price finally pushed through a tough resistance level that had been stopping it from moving higher. It also broke through a downward line that had been containing the price – this suggests the upward move could keep going.
The breakout zone now serves as new support, reducing the likelihood of a deep retracement. If the pattern plays out as expected, Sonic could see further gains in the coming weeks. The market reaction, combined with strong trading volume, suggests that buyers are in control.
Sonic Ecosystem Growth and Adoption
The Sonic blockchain has been growing at an incredible pace. In just three months, the amount of money locked in its protocols shot up by 1,500%, with over $1 billion worth of transactions flowing through the network.
What makes Sonic stand out is how it’s built – it can handle lots of transactions quickly with basically no fees. This makes it appealing for DeFi projects, blockchain games, and traders who need to move fast.
Key projects such as @wagmicom and @ShadowOnSonic are driving adoption, while $WAGMI and $ANON continue to gain traction within the ecosystem. Additionally, Apes Win, another project from Daniele Sesta’s ecosystem, is expected to launch on Sonic soon.
The potential involvement of popular developer Andre Cronje has further strengthened interest in Sonic. Many speculate that he may deploy projects on the network, increasing its long-term viability.
Read Also: SUI’s Market Setup Points to a Potential Upside—Key Levels to Watch
Challenges and Market Positioning
Despite its rapid growth, Sonic faces competition in the layer-2 (L2) space, requiring sustained development and security measures to protect user funds. The blockchain’s EVM compatibility and high-speed transactions position it as a strong contender against other scaling solutions.
The recent breakout and increasing adoption indicate that Sonic’s price is gaining traction among traders and developers. If its ecosystem continues expanding and technical indicators remain bullish, the network could maintain strong upward momentum.
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