๐ Comprehensive Analysis of Sonic (Token $S) ๐
Sonic has recorded a rebound of +6.48% today and is currently trading at 0.3417 USDT, after a significant drop exceeding -40% over the last 30 days.
Despite the negative performance, liquidity and demand indicators have started to move positively around the 0.31 USDT area, indicating increasing market interest at these levels.
๐จ Important Note:
๐ธ Sonic does not have a maximum supply (Max Supply), which could create inflationary pressure in the future if not met with strong demand growth.
๐ง From a fundamental perspective:
โข Sonic is an EVM-compatible Layer 1 blockchain
โข Provides superior performance: 10,000 TPS and instant transaction finality
โข Supports developers through a FeeM model that grants them up to 90% of the fees
๐ It also offers a secure internal liquidity bridge with Ethereum, enhancing its appeal for DeFi applications.
๐ Is the current rebound just a correction? Or the beginning of a new upward wave?
The price needs to break through 0.36โ0.38 to confirm momentum, with subsequent resistance at 0.44.
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