$S is now unstoppable 🔥🔥 Doing fantastic and trying 🚀🚀
🔹 Sonic (S) Token: Recent Developments and Technical Analysis 🔹
📢📢Recent Developments:👇👇
🚨Transition to Native S Token: Sonic Labs announced the launch of its native S token, replacing the previous FTM token on a 1:1 basis. This transition aims to enhance the ecosystem and is supported by listings on major exchanges, including Binance and Bybit.
📢📢Technical Analysis:
👉Price Movement: After a challenging start to 2025, Sonic's price showed bullish signs with a bounce on February 3, followed by a breakout from a descending wedge on February 11. This pattern suggests a potential bullish reversal.
👉Support Levels: On-chain analysis indicates strong support at approximately $0.45, suggesting a foundation for potential upward movement.
👉Resistance Levels: The next significant resistance is around $0.58. A successful breach could lead to a 50% rally, targeting the $0.76 level.
Please note: Cryptocurrency markets are highly volatile.
