- Sonic (S) holds firm above $0.31 support, with renewed demand at $0.25 fueling confidence for a move toward $0.40.
- Expanding TVL and upcoming Testnet launch with Ethereum-compatible Pectra upgrade highlight Sonic’s strong fundamental growth across the blockchain ecosystem.
- Technical structure shows RSI recovery and stabilized trading volume, reinforcing momentum as buyers prepare for a potential push toward the $0.60 level.
Sonic (S) is trading at $0.3462 after rising 0.38% in the past 24 hours and 4.74% this week. The asset is gaining attention as upcoming network upgrades and on-chain growth fuel speculation about a potential move toward $0.40 and beyond.
Expanding Fundamentals Drive Renewed Interest
Sonic has held firm above its recent lows, building a strong foundation as its fundamentals strengthen. Analyst Michaël van de Poppe pointed out that the project is preparing to launch its Testnet with account abstraction and the Ethereum-compatible Pectra upgrade. These developments add weight to its technical recovery.
Chain activity remains strong as Total Value Locked (TVL) continues to show growth as a number across the service as a whole. Meaning this metric support participation and capital inflow, this cements Sonic is globally a top level 1 blockchain in on-chain activity relative to its market cap.
Such activity provides a supportive backdrop for price recovery, especially after the asset swept liquidity beneath $0.25 before rebounding sharply. The renewed demand zone created at that level has become a key base for market momentum.
Key Levels Define the Path Ahead
Attention now turns to the $0.40 mid-range resistance, identified as a crucial pivot in Sonic’s market structure.This region has been a battleground for buyers and sellers historically, thus one should have reassurance that reclaim is a significant development for market confidence.
Van de Poppe stated that if momentum remains above the $0.31, buyers have a shot at attacking the $0.40 level. Sustained strength above this zone would confirm a structural shift, positioning Sonic for a possible run toward $0.60.
The $0.60 level stands as the broader range high and primary resistance target. Breaking this barrier would signal a decisive bullish move, opening the possibility of continued expansion aligned with the network’s growing fundamentals.
Technical Indicators Support the Recovery
Momentum indicators suggest positive returns for Sonic in the near term. The Relative Strength Index (RSI) is generating a recovery from oversold conditions, moving up, but not overbought. Thus, the market has room to continue to gain further.
Trading volume also reinforces this outlook. Sharp accumulation appeared during the liquidity sweep near $0.25, and activity has since stabilized. This pattern suggests healthy positioning by buyers, often preceding a renewed breakout attempt.
Outlook scenarios remain balanced.The bullish view assumes Sonic is going to do the following: hold $0.31, get back above $0.40 and then aim for $0.60. The bearish view would come into play if the support was weak and we have a pull back towards $0.25. For now, there are strong fundamentals, and TVL is increasing to suggest a stronger narrative.
