The Sonic value has jumped by ~30% within the final 7 days, highlighting elevated shopping for stress for the altcoin within the crypto market. Furthermore, the bulls maintained the worth above the $0.60 mark. This resulted within the altcoin experiencing a constructive bounceback.
Will the crypto bulls keep their optimistic sentiments, to assist the Sonic crypto value reclaim its $1 mark? On this article, we at CoinPedia have uncovered the short-term market sentiment and doable Sonic Worth Evaluation only for you!
Sonic Worth Jumps ~30% In 7 Days!
The worth of Sonic token has jumped by 10.38% in 24 hours with a buying and selling quantity of $248.612 million. Moreover, it has surged 30.81% over the previous seven days, indicating a rise within the shopping for stress. With a market cap of $1.730 billion, it has secured the 54th place out there.
The Relative Power Index (RSI) has efficiently retested its oversold vary within the each day time-frame. This has resulted in it surpassing its impartial level and heading towards its overbought vary. With its common trendline recording the same motion, the Sonic value could proceed gaining worth this week.
Moreover, the SMA indicator continually acts as a help to the Sonic value chart. This highlights a constructive outlook for the altcoin within the upcoming time.
Will Sonic (prev.FTM) Worth Reclaim The $1 Mark?
If the market favors the bulls, this might outcome within the FTM value heading towards its speedy resistance stage of $0.6400. Furthermore, if the bulls keep the value above that stage, this might set the stage for it to move towards its higher excessive of $0.8575 this month.
Quite the opposite, if the bears outrun the bulls, the Sonic coin value might retest its help stage of $0.4780. Moreover, if the bearish sentiment intensifies, this might end in it plunging towards its essential help stage of $0.3590.
Are you one in all many who’re looking for solutions to questions like “Can FTM attain $10?” Learn CoinPedia’s newest Fantom Worth Prediction to uncover the potential mysteries till 2030!
FAQs
Fantom has reportedly rebranded itself to Sonic to shift its market place. Sonic will roll out new options in its ecosystem to extend neighborhood involvement and polling.
If the bullish sentiment sustains, the Fantom value could attain a most buying and selling value of $3.72 this 12 months.
On the time of writing, the worth of 1 FTM crypto token was $0.5911.