🔥 S (ex-Fantom) is crashing — bargain or breakdown?
S just broke below $0.27, sparking panic among holders.
Is this the bottom before the bounce… or just the start of a deeper dive? 👀
Let’s break it down 👇
📉 Technical Analysis
🔹Price hit a fresh low at $0.265, continuing its brutal downtrend.
🔹On the 3D chart, S is trading well below key moving averages, including the MA20 — a clear bearish signal.
🔹Momentum is still heavily to the downside.
To flip the trend, bulls need to reclaim the $0.40–$0.45 zone.
Until then, sellers remain in control.
🔎 Fundamental Recap
S was formerly known as Fantom (FTM) — a well-known L1 project.
In January 2025, it rebranded to Sonic (S) with a 1:1 swap.
The upgrade delivered:
⚡ +20,000 TPS
⏱️ 1-second finality
🔥 Token burns
💰 Staking rewards
⛽ Gas Fee Monetization for developers
Despite the improvements, price is down ~40% YTD.
TVL had a strong spike (from $11M to $414M), but volatility and uncertainty remain.
📈 What’s next?
🐻 Bearish scenario:
🔹S breaks support at $0.265 and keeps bleeding.
🔹Without volume and a reclaim of $0.45–$0.50, bulls stay sidelined.
🐂 Bullish scenario:
🔹A strong bounce from this zone could reclaim $0.45.
🔹If paired with a broader market rally (Altseason) and growing adoption, $0.58 and $1.00 are back on the radar.
🧭 Final Thoughts
S brings real tech to the table — but the market isn’t convinced yet.
Until price proves otherwise, it's being treated like a fallen alt.
Watch $0.26 closely — if it holds, this could be a stealthy accumulation zone.
Break above $0.45 with volume = potential narrative shift.
✅ Are you buying the dip or waiting for confirmation?
✅ What’s your play with
$S right now? Share it below 👇
--
#SONIC #fantom #CryptoAnalysis #altcoins