Sonic Price Surges 7% Amid Increased On-Chain Activity

Sonic (S) price has shown significant strength recently, bouncing back from its recent low near $0.25 and currently trading around $0.3225, marking a more than 7% increase over the past day. This surge in price is accompanied by a notable increase in on-chain activity and ecosystem statistics, which have been improving steadily. The renewed interest in Sonic is evident as the price approaches a key resistance level near $0.335–$0.340, which has been acting as a strong barrier since June.

Despite the overall downward trend observed on the 4H chart, with the price making lower highs and lower lows, Sonic has managed to hold up well around the $0.245–$0.255 zone. This area has become a solid support level, and the recent bounce from this range has injected optimism into the price action. If Sonic can break through and sustain above the descending trendline, it could signal a shift in momentum and potentially open the way for more upside.

The Relative Strength Index (RSI) is currently hovering around 59, having risen consistently from oversold levels. The RSI has also put in a bullish crossover above its moving average, indicating that momentum is building. However, for this bullish signal to be confirmed, the price still needs to break out above the trendline. This would provide a stronger indication of a short-term advance and potentially validate the bullish crossover seen in the RSI.

Token Insight reports that Sonic is now ranked #16 by Total Value Locked (TVL), with $580 million secured on-chain. The stablecoin market cap stands at $333 million, with 24-hour DEX volume at $34 million and perpetuals at $5 million. Inflows over the past 24 hours reached $650,000, and fees paid totaled $88,000. The market cap currently sits at $959 million, signaling renewed participation and interest in the Sonic ecosystem.

On X (formerly Twitter), crypto trader 0xPartisan suggested that the $0.25 level may have marked Sonic’s all-time low. The account highlighted a daily higher high and noted that upcoming resistance levels to watch include $0.42, $0.53, and $0.62. If broader market conditions align and a fundamental catalyst such as a Feature Token launch emerges, the analyst suggested $S could potentially revisit the $1 mark. Sonic’s setup is attracting attention as technical and on-chain signals begin to align, and traders will be monitoring whether Sonic price can break through current resistance and sustain upward momentum in the days ahead.