🎮 Sonic (S) – Racing Ahead with High-Speed Blockchain Innovation!
Sonic (S) is currently trading at $0.5167, showing a slight uptick of 0.0107%. The day's range has seen a low of $0.4924 and a high of $0.5175.
But beyond the numbers, Sonic is making headlines:
Rebranding from Fantom (FTM): In January 2025, Sonic completed its transition from Fantom's FTM token, offering a 1:1 conversion rate. This move was supported by 13 major exchanges, including Binance and Bybit, ensuring a smooth experience for existing FTM holders.
High-Performance Blockchain: Sonic boasts impressive capabilities, processing up to 10,000 transactions per second with sub-second finality. Its compatibility with both Ethereum Virtual Machine (EVM) and Solana Virtual Machine (SVM) allows for a wide range of decentralized applications.
Ecosystem Growth: The Total Value Locked (TVL) on the Sonic Network has surged to over $730 million, reflecting a 249% growth in the past month. This rapid increase signifies rising user confidence and expanding ecosystem activity across DeFi and dApps.
📊 Trade Setup:
Entry Zone: $0.50 – $0.52
🎯 TP1: $0.60 (recent resistance)
🎯 TP2: $0.75
🎯 TP3: $1.00
⛔ Stop-Loss: Below $0.48
💡 Key Insight:
Keep an eye on a breakout above $0.60. With Sonic's recent developments and strong ecosystem growth, a surge past this resistance could pave the way for further gains.