Sonic token has caught the eye of traders after a powerful bullish move from support. With price now consolidating under key resistance, the next breakout could be just around the corner—here's what the chart is telling us.

Cryptocurrencies struggled in the past sessions as macroeconomic developments, including Trump's trade war, dented the appetite for risk assets. However, Sonic defied the bearish trends with consistent total value locked (TVL) growth. Sonic's TVL skyrocketed past $1 billion in April (data extracted from DeFiLlama), reflecting massive growth in 2025 (so far).

Sonic [S] is beginning to lose investor appeal.

Here is how some of your favorite assets concluded the week.

The cryptocurrency market experienced significant volatility late Wednesday and early Thursday. As such, several altcoins, including Hyperliquid, Berachain, and Bonk, crashed by double digits. Furthermore, Bitcoin (BTC) gave up gains from above $88k. Notably, markets remained jittery after US President Donald Trump's “Liberation Day” announcement. The global market cap has dipped 3% to $2.

Sonic Labs has suddenly dropped its plan to launch a USD-backed algorithmic stablecoin, shifting its focus to a UAE dirham-backed alternative. The decision comes as stablecoin regulations tighten in the US, thus, the company is shifting its focus to the United Arab Emirates (UAE) dirham.

Cryptocurrency trader and analyst Ali Martinez is leaning bullish on an altcoin that's less than two months old while unveiling his forecast for XRP (XRP) and Sui (SUI).

Barely a week after hinting at launching an algorithmic USD stablecoin, Sonic Labs is shuttering its plans. Sonic Labs co-founder Andre Cronje revealed that incoming stablecoin regulation in the US contributes to the change of stance.

DeFi lending is recovering in March after a series of market capitulations and liquidations. More value is flowing into smaller chains, with the biggest growth for Berachain and Sonic.

Sonic's recent network upgrade and strong market sentiment could lead to a potential rally despite recent losses.

A popular crypto strategist is leaning bullish on one Ethereum (ETH) rival, suggesting the altcoin has reached a market bottom. Pseudonymous trader Altcoin Sherpa tells his 242,800 followers on the social media platform X that Sonic (S) may be on the verge of breaking out after bouncing off of the 25-day Exponential Moving Average (EMA).

Bitcoin price has failed to break the crucial resistance point at $90,000 this week. It has formed numerous risky patterns, pointing to a potential crash potentially below $80,000.

Crypto payment gateway Alchemy Pay is teaming up with Sonic Labs to enable fiat on-ramps for Sonic's native token S. Alchemy Pay (ACH) and Sonic Labs announced their strategic partnership via a press release published on Wednesday, March 26. In the announcement, the companies said they were joining forces to support S token's global adoption.

Yearn Finance founder Andre Cronje teased an algorithmic stablecoin product, much to the chagrin of some users due to UST's 2022 collapse.

Sonic's on-chain activity and its DeFi ecosystem have seen unprecedented growth since the upgrade.

Sonic's S has emerged as the market's top performer in the past 24 hours, surging by 6% as bullish momentum builds.

Sonic could rally nearly 30% from its current price, driven by the launch of its virtual payments card and its expansion in DeFi through new partnerships.

The $4 million OI increase and uptick in spot demand could see Sonic make a short-term price bounce toward $0.5.

Unichain and Berachain, which debuted last month, led blockchain growth over the past month, followed by Iota.

XRP price has pulled back in the past few days, and is at risk of further downside after forming a head and shoulders pattern on the daily chart. Ripple was trading at $2.3515 on Saturday, down by over 30% from its highest level this year.

Sonic's near term price action could get worse and worse.

Crypto prices have made solid gains today, March 5, 2025. The total crypto market cap is back above $3 trillion and Bitcoin reclaimed $90,000 briefly before retreating to around $89,000.

Sonic (S), the rapidly growing digital asset, is witnessing a resurgence in investor interest, with significant accumulation from large investors driving its price movement. Over the past 48 hours, Sonic has seen an uptick in its price by over 2%, bringing its current value to $0.72.

Here is how some of your favorite assets concluded the week.

Sonic could make an extra push, forming a new high.

Berachain price retraced 8% to $8 on March 1, after booking 35% gains in the last three days of February. The impressive rally came amid a broader market downturn, making BERA one of the best-performing assets of the week.

The crypto market has experienced a bearish trend throughout February, with Bitcoin falling below $80,000. As expected, altcoins have also been impacted, but investor optimism remains high, with many anticipating a market turnaround in March.

Sonic [S], previously known as FTM, has seen a sharp decline of 17.22% in the last 24 hours after weeks of steady gains. This sudden downturn has caused concerns among traders as liquidity outflows surge and market sentiment turns increasingly bearish.

Sonic drops 17% as liquidity outflows surge, open interest declines, and traders brace for more losses.

Layer-1 blockchain Berachain has seen its total value locked (TVL) rise to over $3.26 billion, making it the sixth-largest decentralized finance (DeFi) network.

Berachain, an EVM-identical Layer 1 blockchain, has achieved a major milestone just 20 days after its mainnet launch.

Story (IP), Sonic (S), and Hyperliquid (HYPE) are the top three altcoins to watch for the last week of February. Story has surged by 140% in the past seven days, driven by its focus on programmable intellectual property, positioning it as a leading artificial intelligence coin.

The crypto market has resumed its downtrend, shedding $40 billion in market capitalization over the past 24 hours.

After a superb performance pushing it above Arbitrum and Base, the bullish Berachain momentum seems to be cooling off, with its token, BERA, dropping to $6.90 after hitting $9.10 on February 21. Berachain blockchain has been riding high, with its total value locked (TVL) soaring past $3.

Sonic's price rallied 12.5%, deviating from the broader market trend as market participants remained bullish over its growing prominence in decentralized finance. Sonic (S), formerly known as Fantom soared to $0.903 on on Monday, Feb.

Layer-1 blockchain Berachain's total value locked has surged to $3.26 billion, surpassing Arbitrum and Base to become the sixth-largest DeFi network.

Sonic, the popular cryptocurrency previously known as FTM, has experienced a significant uptick in trading activity over the last few weeks, showing resilience in the face of market fluctuations. While recent price movements saw Sonic dip below the $0.80 mark, the overall trend is still pointing upwards, suggesting that there may be more gains ahead for the coin.

Sonic (S) drops nearly 10% after a solid rally indicating bearish signs. Key support at $0.71 could be tested if the price decreases further.

The trading volume has been high in recent days as Sonic prices jumped beyond the $0.6 resistance level.

Sonic (S) token price skyrocketed more than 11% in the past 24 hours, but failed to break the resistance at the $1 price level.

TL;DR Sonic has seen a 15.83% increase in the last 24 hours, reaching a price of $0.8938, showcasing strong growth. Sonic's market capitalization has surpassed $2.57 billion, reflecting solid growth in the last week (+63.20%), highlighting its strength in the crypto market.

Sonic [S] has experienced remarkable upward momentum recently, surging 69.89% over the past week. From a low of $0.39 just two weeks ago, the altcoin has gained significant traction, now trading at $0.98.

Sonic (S), previously known as Fantom (FTM), is leading the crypto market with a significant surge over the daily and weekly timeframes. Analysts noted that the post-rebrand bullish momentum has sent the token to test a key resistance level, which could propel the price to the $1 barrier.

Sonic saw sustained upward momentum, hiking by 69.89% in seven days, although an analyst anticipates a correction.

The crypto market has been in the green for a long time, and as a result of the rising bullishness, altcoins are reaching their new highest points. Bitcoin's attempt at breaking out of consolidation is seemingly acting as a catalyst for altcoins.

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.

Antoine Mingo, the original artist for Pudgy Penguins, has founded his own NFT collection on Berachain—this time with creative freedom.

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.