Sonic, Arbitrum, Jupiter Surge as Bitcoin Reaches $100,000

Market conditions have improved over the past week, with Bitcoin’s re-entry above $100,000 serving as a bullish trigger for many altcoins. This positive momentum has sparked interest in several altcoins, particularly
, Arbitrum, and , which are expected to see significant developments in the coming days.Sonic, previously known as Fantom, has seen a 22% price increase since the beginning of May, reaching $0.60. However, the altcoin is still recovering from losses experienced in March. The upcoming Sharding feature, scheduled to launch on May 15, is anticipated to enhance transaction speed and reduce network congestion. If these improvements materialize, Sonic could rise to $0.74, recovering from its March losses. Conversely, if profit-taking occurs, Sonic may struggle to breach the $0.60 resistance, potentially declining to $0.50 and invalidating the current bullish outlook.
Arbitrum (ARB) has surged by 51% over the past five days, trading at $0.47. This makes it one of the best-performing tokens this week. However, with the 92.65 million ARB token unlock set for May 16, which will release $43 million worth of tokens, price volatility is expected. Before the token unlocks, ARB could experience further gains, potentially breaching $0.51 and heading toward $0.55. However, if ARB fails to maintain its $0.47 support level, a price drop is likely, potentially pushing ARB down to $0.38 and signaling a bearish reversal.
Jupiter (JUP) has experienced a nearly 40% rise in the last few days, currently trading at $0.58. To reach the crucial resistance of $0.68, the altcoin needs an additional 16% push. The current momentum shows potential, but securing $0.57 as support is necessary for further gains. This week, JUP is set to benefit from a significant development. Jupiter Exchange announced that 2.5% of the commission from jupSOL transactions will be donated to the Jupiter DAO. This new revenue stream could provide increased liquidity and positive sentiment, supporting JUP’s price growth in the short term. If the new revenue model boosts investor confidence, JUP could break past $0.68, provided it can maintain $0.57 as a support floor. However, if the altcoin fails to secure this level, a drop to $0.47 is likely, invalidating the bullish outlook and erasing recent gains.
In summary, the second week of May 2025 presents a promising outlook for Sonic, Arbitrum, and Jupiter. The upcoming network developments and strategic initiatives are expected to drive these altcoins further upward, provided they can maintain their current support levels and navigate potential volatility. Investors are advised to closely monitor these developments and conduct thorough research before making any financial decisions.

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