In the past week, Sonic DEX volume grew by 16.97%, surpassing 539.95 million USD. This surge highlights rising user engagement in decentralized trading, despite most transactions still occurring on centralized platforms.
Whale netflows soared by 1,170%, indicating significant accumulation near the 0.316 USD support level. With 96% of Sonic holders currently at a loss, selling pressure is limited, creating a strong foundation for potential upward movement.
Current market sentiment is low, which might trigger volatility. If Sonic overcomes resistance, it may attract additional capital and lead to a trend reversal, with the possibility of reaching new price highs.
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