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The Sonic price surged 20% in the last 24 hours to trade at $0.8933 as of 02:31 a.m. EST on trading volume that rose 77% to $758 million.
The S price has been up 38% in the last month, coming after it was rebranded from Fantom (FTM) on Jan. 16. This rebranding was done as part of an initiative set to improve transaction speed and finality.
Fantom's rebrand to Sonic is paying off big time
Since the rebrand, the chain’s TVL has jumped by over 66% from $153 million to $257 million
Now, all it needs is the $S token to bounce back, it’s down 41% in the past month pic.twitter.com/ckAk0PHuHE
— Lark Davis (@TheCryptoLark) January 30, 2025
Sonic Price Shows A Bullish Breakout From Rounded Bottom Formation
The 4-hour chart of the S price presents a rounded bottom pattern, a classic bullish reversal structure. This pattern indicates a gradual shift from a downtrend to an uptrend as selling pressure decreases and buyers gain control.
The breakout above the neckline resistance around $0.80 – $0.89 confirms the pattern, signaling strong upward momentum. The Sonic price has surged past this key level, triggering a bullish breakout.
Meanwhile, the 50 Simple Moving Average (SMA) on the 4-hour chart at $0.6120 and the 200 SMA at $0.5287 shows a bullish crossover, according to GeckoTerminal data.
The price of Sonic is significantly above both moving averages, further reinforcing the bullish sentiment.
The Relative Strength Index (RSI) is at 76.38, indicating overbought conditions. This suggests that the asset has experienced rapid buying momentum, and a temporary pullback or consolidation could occur before further upside.
Meanwhile, the Moving Average Convergence Divergence (MACD) line (blue) is above the signal line (orange), showing strong bullish momentum. The histogram is in positive territory, reflecting sustained buying interest.
S Price Prediction
Given the confirmed breakout, the price is expected to target the 1.30 – 1.35 range, aligning with the projected 51.60% move from the breakout point.
However, due to the overbought RSI, there might be a short-term pullback or consolidation before further upside. Traders should watch for potential retests of the $0.80 – $0.89 neckline, which could serve as new support before another upward move.
Meanwhile, investors are rushing to buy a new AI agent crypto called MIND of Pepe (MIND). 99Bitcoins, a popular crypto channel on YouTube with over 724K subscribers, says MIND has the potential to become the best AI agent crypto of 2025.
MIND Of Pepe Presale Hurtling Towards The $7 Million Mark
MIND of Pepe continues to grow, as its presale has now reached $6.6 million, showing strong demand.
The MIND of Pepe AI agent combines the skills of a key opinion leader, on-chain trader, and token developer in one system. It functions like an entire team within a single agent.
This AI starts by using social media. It runs its own X account, gathering data and posting tweets to attract an audience. The agent then applies “hive mind” analysis, learning from collected data and spotting trends before they become widely known.
Holders of MIND tokens gain early access to these insights through a private Telegram community, giving them a market advantage.
Telegram opens tomorrow 2 PM UTC. $MIND pic.twitter.com/Q601kkkmnY
— MIND of Pepe (@MINDofPepe) February 18, 2025
MIND holders also have the opportunity to stake their tokens for a stratospheric 343% annual percentage yield (APY).
Currently, MIND tokens are priced at $0.0033722 and can be bought with either crypto or bank cards via the easy-to-use widget embedded on the project’s website.
Interested investors should buy MIND before a price hike in 39 hours.
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