Sonic (S) Jumps 50% in 7 Days, Market Cap Hits $2.5 Billion | Airdrop Alert Pro

Sonic(S) is currently experiencing a strong bullish momentum, with its price nearly 15% in the past 24 hours and a 53% increase in the past 7 days. Currently, its market capitalization is $2.6 billion, reflecting the growing interest and enhanced trading activity of investors.

Technical indicators show that Sonic’s ADX is 51.6, confirming the strength of the ongoing uptrend. It is RSI In 78.4, despite the excessive buying pressure, the buying pressure is still very strong, although the conditions are too high may lead to a short-term pullback. Sonic can test resistance levels at $0.849, possibly $1.06.

Sonic ADX shows that the current uptrend is strong

Sonic, formerly Fantom (FMT)ADX is currently 51.6, a significant increase compared to the 34-year-old three days ago, compared to the 19.8-year-old eight days ago.

The rise in ADX indicates a strengthening trend and reflects the growth of market momentum. This rapid upward movement indicates that the sound is increasing volatility and directional strength, which may indicate purchasing interest or enhance marketing activities.

Given the current uptrend, this surge in ADX can be interpreted as a confirmation of the ongoing bullish momentum, suggesting that the price movement is strengthening and may continue in the same direction.

this Average Direction Index (ADX) is a momentum indicator used to measure the intensity of the trend, regardless of its direction. It does not indicate whether the trend is bullish or bearish, but only its strength.

Typically, ADX below 20 indicates a weak or non-trend. Between 20 and 40, the growth of the trend is indicated, while a value above 40 indicates a strong trend. With Sonic ADX of 51.6, the market shows a strong trend supporting the current uptrend.

this Powerful sound Further price appreciation may be caused due to continued buying pressures indicated. However, as the trend matures, traders should pay attention to potential over-expansion or reversal signals.

S RSI has been over one day

Sonic’s RSI is currently 78.4, with a significant increase in Sonic’s RSI compared to 56 times two days ago. It has maintained 70 more than a day, indicating a strong upward momentum.

The rapid rise in RSI reflects the intensification of purchasing activity, indicating Bullish sentiment is intensifying. The RSI of over 70 units is usually too high, which means assets may be overvalued in the short term.

Given the current uptrend, this rising RSI may indicate continued purchase of interest. However, as traders may start to make profits, this also increases the likelihood of a price drop or merger.

this Relative Strength Index (RSI) is a momentum oscillator This can measure the speed and change of price changes. It ranges from 0 to 100 and helps identify excessive buying and selling conditions.

Typically, an RSI with an RSI above 70 indicates that the asset has been purchased too much and may require corrections, while an RSI under 30 indicates an overselling condition that may mark a purchase opportunity. With Sonic’s RSI of 78.4, the asset is clearly on the overbuy territory, which could lead to a short-term pullback or merger as traders take advantage of recent gains.

However, in a strong upward trend, RSI can still be purchased too much for a long time. This shows this Voice bullish momentum may continue Before any obvious correction occurs.

Will Sonic be higher than $1 for $1 in February?

Sonic’s EMA line has recently formed two gold crosses, indicating a strong bullish momentum. When a shorter EMA crosses over the long-term EMA, a golden cross occurs, usually indicating the beginning of an uptrend. If this bullish momentum continues, Sonic can test resistance at $0.849.

It should break through this level, next Price Will be $1.06. This will mark the highest price since the end of December 2024. This will confirm the ongoing uptrend and may attract more buying interest and drive the push Higher sound price As bullish sentiment increases.

However, if the trend reverses, Sonic may face great downside risks. The first support levels are $0.65 and $0.58, which may open the door to further declines if violated.

In this bearish situation, Sonic’s decline could be as low as $0.47. In the worst case, it could hit $0.37, with corrections of more than 50%.