🌀 $S: Is Now the Time to Buy & Hold Sonic?
Sonic ($S) is currently trading between $0.32–$0.35, with a ~$1B market cap and $50–70M in daily volume. That’s still around 66% off its all-time high of $1.03.
📉 Yes, the charts look rough (death cross in play),
but savvy spot traders are accumulating — and that on-chain trend could spark a reversal.
⚙️ What’s building the case for Sonic?
🔹 Developer incentives attracting talent
🔹 High TPS performance
🔹 Growing tooling & ecosystem traction
📈 Key levels to watch:
– Resistance at $0.50–$0.60
– Support holding near $0.31
– A golden cross setup could flip the script
⚠️ High-risk, high-reward:
If ecosystem growth holds steady, the upside potential is strong — but short-term volatility and macro swings still matter.
💡 Accumulation phase or another fakeout? Either way, this is one to watch.
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