Sonic could collect almost 30% of his current price, driven by the launch of his virtual payment card and the expansion of Defi through new partnerships.
According to For analyst Robert Mercer, Sonic has recovered the most important support and breaks from a falling trend and is set for what the analyst has referred to as a “programmed” run to $ 0.60 – $ 0.70 and possibly even $ 1.
A graph that was shared by the analyst on X emphasized a bullish breakout from a falling trend line with a strong momentum, which is usually a precursor for further upwards.
Well-Followed trader Crypto Nova repeated this bullish sentiment and noted that Sonic withdrew to important levels and showed healthy rebound signs.
According to data from crypto.news, Sonic (s) rose almost 11% to an intraday highlight of $ 0.55 on March 20, which extended the profit to more than 18% of its weekly low of $ 0.45. The market was $ 1.71 billion, while the daily trading volume was almost double the previous day of $ 216 million.
A large catalyst behind this rally is the launch from Sonic Pay, a virtual payment card developed in collaboration with Redotpay. With the map, users can make payments using USDC.E via Apple Pay and Google Pay, removing the friction of crypto-to-to-fiat conversions and expanding Sonic’s Real-World utility.
Sonic has been added to the bullish sentiment and strengthens its presence in the Defi room through important partnerships. In particular, Chaingpt has integrated The AI NFT generator, Chaingpt Pad and Degenpad with Sonic’s High-Speed blockchain infrastructure.
Integration optimizes NFT-Minting for makers and developers, improves fundraising options for sonic-based projects and speeds up ecosystem growth for both investors and the wider Sonic community.
Sonic has also demonstrated strong growth in the Defi sector. According to DefillamaThe total value locked was just a record high of $ 841.5 million, a noticeable jump of the $ 25.41 million that was registered at the beginning of the year.
It was also one of the fastest growing block chains in TVL in February.
In the meantime, the Layer-1-Blockchain is also being advertised as one of the fastest chains in terms of block time, which even beat large players such as Solana, Arbitrum and Base. See below.
Fastest chains by block time.$S in good company here at only 0.42s 👀 pic.twitter.com/13Ch5oaDz6
— Crypto Rand (@crypto_rand) March 19, 2025
S price analysis
With a community sensation that leans heavily on the positive side, technical indicators also seem to be for a potential upward run.
On the price diagram of 4 hours/USDT, Sonic continued to trade higher above the several weeks of falling parallel channel pattern that it broke on March 14.
The Aroon Up indicator was at 85.71%, while the Aroon, with 7.14%, pointed to a strong buying momentum. In the meantime, the relative strength index showed a lecture of 60, which means that Sonic still has room for profit before you are confronted with a sale.
The financing percentage of the Altcoin remained positive, together with a jump in open interest on a period of co -slass data. A positive financing percentage with rising OI means that an increasing number of derivatives traders Bullish bets has placed S. S.
Such a trend is often associated with growing market confidence and bullish momentum, which could help extend the current rally.
As such, Sonic appears for a run to $ 0.7, a support level that it has not submitted several occasions since the beginning of the year. At the time of the press, S exchanged hands at $ 0.53 per coin.
Publication: This article does not represent investment advice. The content and materials on this page are only for educational purposes.
