Fantom Price Poised for 40% Rally, Catch Inside
Key Insights:
- Sonic (formerly Fantom) could soar by 40% if it breaks through the key resistance level at $0.635.
- With the recent rally, Fantom’s price has already climbed over 25% and is poised to maintain this momentum.
- Since March 2025, Sonic’s (formerly Fantom) Total Value Locked (TVL) has surged by 82.72%, indicating increased user trust and adoption.
After gaining 25% in recent days, the Fantom price (now rebranded as Sonic [$S]) has reached its key resistance level at $0.635. The daily chart reveals that this level could be a make-or-break point for the asset, as it has historically faced strong selling pressure here.
Current Price Momentum
At press time, $S was trading near $0.60, having recorded a price surge of over 4.50% in the past 24 hours. Despite the price increase, trader and investor participation remains low, as indicated by a 30% drop in trading volume during the same period.
This surge in the asset’s price, accompanied by lower trading volume, indicates that the Fantom price momentum is still weak and may struggle until it breaches the next key resistance level.
Sonic (S) Price Action & Technical Analysis
According to expert technical analysis, Sonic (S) has been hovering near a key resistance level of $0.63 for the past four trading days. The ongoing consolidation near this level raises the question of whether the Fantom price will break through this hurdle or repeat its history by experiencing downside momentum.
Fantom Price Prediction or S Price Prediction
Based on recent price action and historical patterns, if the Fantom price once again sees an upside momentum and closes a daily candle above the $0.64 level, it could surge by another 40% to reach the $0.91 level in the coming days.
On the other hand, if Sonic ($S) continues to consolidate and falls below the $0.565 level, it could pave the way for a 23% price decline.
With the recent upside momentum, Sonic ($S) Relative Strength Index (RSI) stands at 60, indicating that the asset is nearing the overbought zone but still has room for further upward movement.
Mixed On-Chain Metrics
In addition to the price action, traders and investors appear to have mixed views. While some are betting on the bullish side, others are seen dumping their $S holdings, according to the on-chain analytics firm Coinglass.
$1 Million Worth of S Inflow into Exchanges
Data from spot inflow/outflow reveals that exchanges have experienced an inflow of $1.01 million worth of $S tokens over the past 24 hours. Such an inflow, when the asset is struggling near a resistance level, indicates potential dumping, which could lead to selling pressure and further downside momentum.
$3.76 Million Worth of Bullish Bets
Meanwhile, another on-chain metric tool reveals that traders are currently overleveraged at $0.564 on the lower side (support) and $0.63 on the upper side (resistance) over the past 24 hours. During this period, they have built $3.76 million worth of long positions on the lower side and $1.51 million on the upper side.
This metric clearly indicates that traders are bullish and dominating the asset, believing that $S is unlikely to fall below the $0.564 level anytime soon in the coming days.
Sonic’s TVL Soars By 82%
To support Sonic’s potential bullish outlook, DeFiLlama has revealed that since March 2025, Sonic’s Total Value Locked (TVL) has jumped from $619 million to $1.131 billion, indicating an 82.72% increase.
A higher TVL suggests that more assets are being locked into the Sonic ecosystem (e.g., in DeFi apps), reflecting increased user trust and usage, which can cause upside momentum.
