🔥 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 👇

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#SONIC #fantom #CryptoAnalysis #altcoins