Whale inflows surged by 1,170% in seven days, signaling aggressive accumulation around the $0.316 support level.
DEX volume increased by 16.97% weekly while 96% of holders are still at a loss, indicating low selling pressure.
Sonic [S] has oscillated around the key support level of $0.316 for several days, forming a potential double bottom pattern, with the total value locked (TVL) across the network remaining stable above $2 billion.
This support level has remained intact since late April, despite the sharp corrective volatility in the cryptocurrency market in general. The current chart structure reflects an accumulation phase, not capitulation.
If the downtrend resistance is broken, the trend reversal will be confirmed and attract more sidelined funds. The uptrend could expand, testing the next level of $0.409 if buying power increases.
Momentum for the bulls?
In the last seven days, S's DEX trading volume has increased by 16.97%, reaching over $539.95 million. This explosion reflects the growing participation of the decentralized trading community, even though the DEX/CEX ratio only stands at 0.32%.
The small DEX ratio indicates that the flow of funds is still primarily within centralized exchanges. However, the increasing momentum of DEX is a sign that investors want to gain more control in an unstable market environment.
If this trend continues, it could lead to a behavioral shift supporting long-term price growth.
Source: Trading View
Initiating smart accumulation.
Spot market data shows that inflows reached $4.13 million, while outflows were $3.55 million on June 17.
Despite neutral net flow, recent sessions have shown a trend of accumulation at the bottom and light selling when prices bounce. This is a cautious signal but also reflects confidence in the structural support zone of S.
The absence of a major sell-off around the $0.316 zone further reinforces the important support role of this price area.
The modest outflow from spot shows a preparation for a potential strong breakout.
Source: Coinglass
Have whales really returned?
Large holders are significantly increasing their positions with a shocking net flow increase of 1,170% in seven days. This move shows aggressive accumulation by whales, predicting the potential for a reversal from the bottom.
History shows that whale actions often precede strong bullish waves, especially when technical structures and fundamental factors are in sync.
As Sonic continues to trade below key resistance, the entry of whales is expected to be a catalyst for the beginning of a trend reversal phase.
Source: IntoTheBlock
Suppressed sentiment paves the way for volatility.
On-chain data shows that 96.61% of Sonic holders are at a loss. Only 3.27% hold profitable positions, indicating widespread pessimism.
However, this state of imbalance helps reduce short-term profit-taking pressure, while also creating significant recovery potential if the price breaks above the resistance level.
When market sentiment is overly gloomy, unexpected factors can easily occur, especially when there is a resonance from whale capital flows along with strong DEX volume growth.
Source: IntoTheBlock
Will Sonic explode and break resistance?
Sonic has recorded a series of clear reversal signals: strong whale accumulation, growing DEX activity, and TVL firmly anchored at the $2 billion mark.
Price action respects the $0.316 zone, forming a double bottom pattern. With 96% of holders still in loss, the breakout potential increases if the price breaks through resistance.
The resonance between technical factors and fundamental basics is strong enough to change market sentiment, opening the door to sustainable bullish waves ahead.
Source: https://tintucbitcoin.com/sonic-dex-tang-manh-dao-chieu-gan-ke/
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