Sonic, the rebranded version of the Fantom (FTM) network, is gaining fresh attention after a strong price rally. Trading around $0.5595, Sonic jumped over 12% in just a few hours. This move has sparked optimism among traders and long-term investors who had been waiting for a reversal after months of downward pressure.
The rally comes as Sonic finds support above a critical level, coinciding with Bitcoin’s recent recovery. As BTC gains strength, smaller altcoins like Sonic are seeing renewed inflows. Many analysts are now revisiting their Sonic price prediction 2025, with some targeting the $5 mark.
Price Breakout in Progress
Sonic recently broke out of a long-standing downtrend and reclaimed support at $0.56. It's now testing resistance near $0.6. A strong move above this level could lead to the next leg higher toward $0.8 or even $0.9. If bullish momentum continues, breaking the $1 psychological barrier may attract significant investor attention.
The chart shows a bullish structure with higher highs and higher lows. This suggests growing confidence among buyers. Volume is increasing, which supports the strength of the current rally.
Mixed Technical Signals
While the Relative Strength Index (RSI) is trending upward, showing strong momentum, the Chaikin Money Flow (CMF) is still below zero. This indicates that while price action is bullish, capital inflows are not yet fully aligned.
Also Read: THORChain Price Prediction 2025, 2026 – 2030
Strong Fundamentals Boost Confidence
Sonic’s fundamentals are also improving:
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Over $1.78 billion in total value locked (TVL)
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Major DeFi protocols like AAVE, Silo Finance, and Pendle are active on the network
Sonic’s revenue-sharing model has attracted developers, giving it an edge over networks like Cardano and Optimism.
With Andre Cronje behind the project and rising on-chain activity, Sonic’s outlook remains promising as 2025 approaches.
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