According to the weekly analysis, technical indicators are in a bearish state:
RSI and MACD are below their key levels (usually 50 for RSI and 0 for MACD).
Although the price has recently rebounded from the long-term bullish support line, the overall trend is still bearish.
On the Investing.com platform, the weekly Strong Sell status is recorded; the moving averages have also given negative signals:
In various analyses, signals such as RSI around 47 (neutral) and MACD negative are reported, indicating weakness of buyers.Sonic is launched with the aim of providing a next-generation EVM-L1 blockchain with ultra-high speed (up to 400,000 TPS), fast confirmations, and low fees.
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The S token’s uses include fee payment, staking, participation in network governance, and node running.