Why is the Sonic (S) Price Up Today?

Why is the Sonic (S) Price Up Today?

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TLDR:

  • Sonic 16 % gains after Coinbase confirms the next distinctive symbol list
  • Trading nails 77 %, and open benefits rise to 100.6 million dollars
  • Restoring the main support and breaks may accumulate below the strong demand
  • $ 82 million, Airdrop and 1inch Defi, integration of ecological activity promoting

The original Sonic code, sHe saw a sharp increase in value, climbing more than 16 % within 24 hours.

The sudden rise follows multiple developments that have strengthened attention and activity around the distinctive symbol. This includes the planned Coinbase menu, increased trading sizes, and technical recovery.

Sonic also launched new incentives and new integrated features, which caught attention through the encryption market. The momentum indicates an increase in investor confidence and increased participation in retail trade and institutional users.

Sonic Coinbase List of momentum

The price of S has increased dramatically after Coinbase confirmed that it would include the distinctive symbol. The menu brings the broader exposure, which increases the possibility of reaching the distinctive symbol and its credibility among merchants.

According to Coinpedia markets, this news helped raise the Sonic price by 19 % in one day, while trading volume increased by 77 % to $ 270 million.

The open interest in the symbol also increased by 20 %, reaching 100.6 million dollars. These scales reflect increasing speculation and renewed purchase pressure. Market monitors believe that the list can attract long -term holders, especially if the momentum persists.

On the charts, Sonic shows signs of reflection. The moving average for 10 days has turned into a supporter, although the averages of 20 and 50 days are still resistant. RSI rose to 45, indicating that she recovers from the sales levels, but it has not yet turned up.

The Crypto Jago dealer has highlighted that Sonic recently fell from the previous key level of $ 0.26, but quickly bounced. This step reflects a similar historical reversion seen in the Fantom chart, which ultimately raised 460 %.

According to Jago, S now recovered the lowest level in February and broke over the lower direction in May, which appears Powerful buyer’s interest Near the $ 0.34 region.

Sonic Airyrop and Defi Fuel Integration

To what is beyond the technicians, Sonic recently completed Airdrop in the second season, distributing $ 82 million to actors to active users.

The initiative aims to enhance the trading of distinctive symbol and increase the user activity within the ecosystem. This came just one day before the platform Integrated with Defi Synod 1inch, enable the chain barters cheaper and faster.

These updates helped enhance investor morale, especially since the distinctive symbol was trading approximately 23 % during the past month. The successive developments were created in a positive preparation for renewable growth.

The current resistance is about $ 0.3571, which is a major barrier closely monitors traders.

Moreover, the levels close to $ 0.42 and $ 0.50 can play, especially if the bullish size maintains it. Long -term goals, such as $ 0.60 resistance called “Great Winter Wall”, still represents a challenge, but a The penetration may lead to more upward trend.

The post Why is Sonic (S) price raised today? He first appeared on Blockonomi.

Source: https://blockonomi.com/why-is-s.-sonic-s-price-uday/

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