nothugs
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$S 📉 Main reasons affecting the price of token S
1. Large token transfer to Binance: Approximately 11.78 million token S (worth about $5.55 million) was transferred from Sonic Labs to Binance at the end of April 2025. This raised concerns about the possibility of a sell-off, putting downward pressure on the price.
2. Negative market sentiment: According to CoinGecko, 68% of the community has a negative outlook on token S in the short term, reflecting investor caution.
3. Technical volatility: Technical analysis shows that token S is in an accumulation phase, with support around $0.47 and resistance near $0.60. If it cannot surpass the $0.55 threshold, the price may continue to adjust.
1. Large token transfer to Binance: Approximately 11.78 million token S (worth about $5.55 million) was transferred from Sonic Labs to Binance at the end of April 2025. This raised concerns about the possibility of a sell-off, putting downward pressure on the price.
2. Negative market sentiment: According to CoinGecko, 68% of the community has a negative outlook on token S in the short term, reflecting investor caution.
3. Technical volatility: Technical analysis shows that token S is in an accumulation phase, with support around $0.47 and resistance near $0.60. If it cannot surpass the $0.55 threshold, the price may continue to adjust.
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