After trending lower for nearly two months, Sonic (prev. FTM) has just broken out of its long-standing downtrend. The token surged by over 10% on May 1, jumping from around $0.49 to close the day at $0.5453. That breakout came as Bitcoin also showed early signs of recovery, which appears to be lifting sentiment across several small-cap altcoins.
Right now, Sonic price is hovering just above its breakout zone. Traders are watching closely to see if it holds above the $0.52 level, which now serves as short-term support.
With new developments like Binance Wallet integration, native USDC support, and incentives for builders and gamers, the Sonic ecosystem is heating up. To better understand what might happen next, we asked ChatGPT to provide possible price scenarios for May.
What you'll learn 👉
Pessimistic Scenario: Sonic Falls to $0.48 – $0.50
If Bitcoin price drops back toward $90,000 and the broader market turns red, Sonic may struggle to hold its current support. A failed breakout, especially one that closes below $0.52, could bring Sonic (S) price back to the $0.50–$0.48 zone.
That area acted as a consolidation base in April and may serve as the next stop if momentum fades. Traders will also be watching Bitcoin closely. Any dip in BTC could increase selling pressure across altcoins like Sonic.
Realistic Scenario: Sonic Trades Between $0.62 and $0.68
If Bitcoin stays in the $92K–$98K range and altcoin sentiment remains neutral, Sonic price may gradually move higher through May. The breakout above the long-term downtrend, combined with growing volume and ecosystem upgrades, points to a stable upward trend.
Resistance sits around $0.60 and $0.66, which have stopped previous rallies. If those levels break, Sonic could find room to test the $0.68 mark. Without any major disruptions, this scenario would reflect a controlled move upward with minor pullbacks.
Optimistic Scenario: Sonic Rallies to $0.75–$0.85
If Bitcoin breaks above $100,000 and altcoins take off again, Sonic could benefit from renewed investor interest. The launch of its mainnet, developer incentives, Binance Alpha exposure, and Game Gems rewards give Sonic a strong narrative.
In this bullish scenario, increased trading activity and adoption might push the Sonice (S) price toward the $0.75–$0.85 range. This would also reflect a full reversal of the recent downtrend and put Sonic on the path toward new highs for 2025.
Read Also: The XRP + USDC Superstack: Could Ripple Become the New King of Stablecoins?
Final Thoughts on Sonic Price in May
At writing, Sonic is trading around $0.5540. The breakout has sparked attention, but the next few days will be key in confirming whether the trend reversal is valid.
The path forward depends on whether Bitcoin price remains stable and if Sonic’s ecosystem continues to grow. Traders are now watching the $0.52 support and $0.60 resistance zones to gauge Sonic’s price direction for the rest of the month.
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