đ $S: Is Now the Time to Buy & Hold Sonic?
Sonic ($S) is currently trading between $0.32â$0.35, with a ~$1B market cap and $50â70M in daily volume. Thatâs still around 66% off its all-time high of $1.03.
đ Yes, the charts look rough (death cross in play),
but savvy spot traders are accumulating â and that on-chain trend could spark a reversal.
âď¸ Whatâs building the case for Sonic?
đš Developer incentives attracting talent
đš High TPS performance
đš Growing tooling & ecosystem traction
đ Key levels to watch:
â Resistance at $0.50â$0.60
â Support holding near $0.31
â A golden cross setup could flip the script
â ď¸ High-risk, high-reward:
If ecosystem growth holds steady, the upside potential is strong â but short-term volatility and macro swings still matter.
đĄ Accumulation phase or another fakeout? Either way, this is one to watch.
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