The Sonic value has jumped by ~30% within the final 7 days, highlighting elevated shopping for strain for the altcoin within the crypto market. Furthermore, the bulls maintained the worth above the $0.60 mark. This resulted within the altcoin experiencing a optimistic bounceback.
Will the crypto bulls preserve their optimistic sentiments, to assist the Sonic crypto value reclaim its $1 mark? On this article, we at CoinPedia have uncovered the short-term market sentiment and potential Sonic Value Evaluation only for you!
Sonic Value Jumps ~30% In 7 Days!
The value of Sonic token has jumped by 10.38% in 24 hours with a buying and selling quantity of $248.612 million. Moreover, it has surged 30.81% over the previous seven days, indicating a rise within the shopping for strain. With a market cap of $1.730 billion, it has secured the 54th place out there.
The Relative Power Index (RSI) has efficiently retested its oversold vary within the every day time-frame. This has resulted in it surpassing its impartial level and heading towards its overbought vary. With its common trendline recording an identical motion, the Sonic value could proceed gaining worth this week.
Moreover, the SMA indicator continuously acts as a help to the Sonic value chart. This highlights a optimistic outlook for the altcoin within the upcoming time.
Will Sonic (prev.FTM) Value Reclaim The $1 Mark?
If the market favors the bulls, this might end result within the FTM value heading towards its rapid resistance degree of $0.6400. Furthermore, if the bulls preserve the value above that degree, this might set the stage for it to move towards its higher excessive of $0.8575 this month.
Quite the opposite, if the bears outrun the bulls, the Sonic coin value may retest its help degree of $0.4780. Moreover, if the bearish sentiment intensifies, this might lead to it plunging towards its essential help degree of $0.3590.
Are you one among many who’re looking for solutions to questions like “Can FTM attain $10?” Learn CoinPedia’s newest Fantom Value Prediction to uncover the potential mysteries till 2030!
FAQs
Fantom has reportedly rebranded itself to Sonic to shift its market place. Sonic will roll out new options in its ecosystem to extend neighborhood involvement and polling.
If the bullish sentiment sustains, the Fantom value could attain a most buying and selling value of $3.72 this 12 months.
On the time of writing, the worth of 1 FTM crypto token was $0.5911.
