Sonic’s Price Prediction: Will It Soar or Fall Into the Abyss? You Won’t Believe What Happens Next!

by

Ah, Sonic (formerly known as Fantom), that most elusive of tokens, now trading at a modest sum of $0.34. It seems to be recovering—at least a little—following its brief dalliance with the depths of despair after an airdrop-driven dip and the ever-so-thrilling token burn event. Despite the short-term pressure of distribution, our dear Sonic has managed to steady itself above the ever-important support level of $0.316, making it seem as though it might just survive after all. A tale as old as time—accumulation at the dips, paired with a steady exchange volume, whispers of a possible recovery phase. Should this bullish momentum continue, it is said that Sonic may just retest $0.41, with the potential to soar even higher, toward the lofty heights of $0.50. However, let us not become too optimistic, for should it fall below support, the token could very well descend into the depths of $0.30. Such is the fickle nature of the market, is it not?

Since the start of this week, Sonic’s price has been stirred by a few key developments. The Season 1 airdrop, that grand event, released about 27.75 million tokens, creating a momentary dip, as selling pressure grew ever stronger. But fear not, dear reader, for Sonic Labs, in their infinite wisdom, burned 1.86 million tokens to reduce the supply and bring a sense of stability to the price. Then, the winds of fortune shifted with news of a Coinbase listing and Binance wallet integration, stirring up trading volume by a staggering 77%. One might almost call it a feeding frenzy, had it not been for the sheer elegance with which it occurred.

As we gaze upon the on-chain data, one cannot help but notice the growing accumulation near the $0.316 support level, as though the market is holding its breath. Technical indicators, ever the harbingers of fate, reveal a bullish setup, with the potential for a rise toward the tantalizing $0.45–$0.50 range—should the resistance at $0.42 be vanquished, of course.

As we examine the chart above, one notices that Sonic has formed a double-bottom pattern—so very classic—and is now poised to test the resistance zone just below the neckline of said pattern. The volume, however, remains rather unimpressive, as if the market cannot quite make up its mind. The supertrend has momentarily turned bearish, but the MACD—oh, how reliable—is showing a decrease in selling pressure, signaling that a bullish crossover may be near. Once the price reaches the resistance zone between $0.3832 and $0.3926, we are likely to see the supertrend return to bullish, and with that, perhaps the beginning of a fresh, invigorating bullish wave. How exciting!

And now, the burning question—will Sonic’s price reach $1 in 2025? Is such a feat possible, or should we resign ourselves to disappointment?

One might say that reaching $1 in the near term is an ambition bordering on the fanciful. Nevertheless, with the current bullish technical setup and the growing accumulation on-chain, a steady climb toward $0.50 to $0.60 seems far more plausible in the short to mid-term. Of course, if Sonic manages to break these levels with strong volume, then, dear reader, we may indeed see it rise to $1—but let us not forget, this all depends on sustained ecosystem growth, reduced selling pressure from those pesky airdrops, and the broader market conditions. Such is the uncertainty we must endure, but perhaps, just perhaps, fortune will smile upon us.

Read More

2025-07-31 16:14