Sonic (S) is currently experiencing strong bullish momentum, with its price up nearly 15% in the last 24 hours and 53% over the past seven days. Its market cap now stands at $2.6 billion, reflecting growing investor interest and heightened trading activity.

The price of Sonic (S), formerly Fantom (FTM), has risen 97% over the past two weeks, making it the largest gainer among the top 100 cryptocurrencies by market cap. This bullish surge has caught investors and traders by surprise, and many are now questioning how sustainable this bull run is.

Sonic's price surge is driven by technical patterns and rising sentiment despite mixed on-chain signals.

Crypto prices on Tuesday have continued stirring up market uncertainty, mainly illustrating an extended sluggish performance. Bitcoin (BTC) price continues to hover around the $96K level on Feb 18, although Ethereum (ETH) gained slightly by 2%.

Some altcoins are seeing strong bullish movement today, with Story Protocol (IP), Sonic (S), and Mochi (MOCHI) leading the trend. Story Protocol's recent mainnet launch has driven significant attention, pushing its market cap to $453 million.

Altcoins have seen a mixed performance this past week, with some making significant gains while others remain in correction mode. Telcoin (TEL) led the rally with an 88% surge, pushing its market cap past $1 billion, while Sonic (S) jumped nearly 40% despite ongoing struggles since its rebranding.

The crypto market has added $77 billion in value over the past day. This signals a potential shift toward bullish momentum as investors increase their trading activity.

Sonic [S] (FTM) has been showing signs of recovery, but it's currently stuck at a crucial resistance point that could determine its future price movement. For Sonic to push toward $1, it must break above the descending trendline, currently located around $0.4558.

FTM is on the verge of breaking a descending trendline but the activities on the network are wanting.

Sonic (S) is trading 2% up in the past day as it total value lock (TVL) hit a new all-time high at $350 million.

Sonic (S), a lesser-known cryptocurrency, has made a significant rebound recently, climbing 31% from its all-time low just three days ago. Trading at $0.47, Sonic has experienced nearly 10% growth within the last 24 hours alone.

Sonic (S) has recovered, surging by 31% after hitting an all-time low just three days ago. It trades at $0.46, surging almost 10% in the past 24 hours.

The newly rebranded layer-1 blockchain Sonic (S) is being called the “golden standard” of layer-2s (L2s) by Andre Cronje, the project's co-founder. Cronje claims on the social media platform X that Sonic, formerly known as Fantom, is the “only actual decentralized stage 3 L2.

The crypto market's recovery has not benefited all altcoins, as some continue to face sharp declines. While Bitcoin holds steady at $102,200, several altcoins remain in a downtrend, struggling to regain momentum.

The former Fantom blockchain rebrands as Sonic, achieving $250M Total Value Locked within days of launch. The platform claims to be the fastest EVM chain with groundbreaking transaction speeds.

The crypto market managed to recover Monday's sharp losses, but the volatility left a lasting impact on several altcoins. Despite the broader market rebound, some tokens failed to recover fully, with the drawdown leaving them vulnerable.