Sonic

<p>In what’s otherwise a pretty sluggish market, the <a href="https://captainaltcoin.com/why-is-the-price-of-sonic-s-rising/" target="_blank" rel="noopener noreferrer nofollow">Sonic price did well</a> and is among top crypto gainers last week after over 60% pump.</p>
<p>Even today when most altcoins are “in red,” the S price pumped 8% and it’s currently trading around $0.88.</p>
<h2 class="wp-block-heading" id="popular-analyst-shares-his-take-on-s-price">Popular Analyst Shares His Take on S Price</h2>
<p>Analyst ‘Jagoilio’ who follows developments around Sonic in detail posted a viral tweet this morning. In his analysis, he explained that he’s been super active in the Sonic ecosystem lately – buying <a class="wpil_keyword_link" href="https://captainaltcoin.com/meme-coins/" title="memes" data-wpil-keyword-link="linked" target="_blank" rel="noopener noreferrer nofollow">memes</a>, doing DeFi stuff, and hanging out with the community. But today he wanted to share some technical analysis thoughts.</p>
<p>Looking at the S price chart, Jagoilio spotted what he calls a “beautiful picturesque Cup &amp; Handle pattern” that could play out through March. The next big level to watch is around $1.05 – that’s where S peaked during Christmas time. After that, the next major target would be the previous cycle high of $1.475.</p>
<p><a href="https://captainaltcoin.com/sonic-s-price-reclaims-key-levels-as-on-chain-metrics-spike-whats-next/" target="_blank" rel="noopener noreferrer nofollow">The S price went through a sharp</a> pullback (what he calls a .886 retracement), but then something interesting happened – it broke through a key resistance level and turned it into support. Over the weekend, it did the same thing again with another important price level. Right now, there’s a key zone (technically called a Golden Pocket) that lines up perfectly with that Christmas high we mentioned earlier. After that, the big prize would be reaching the price level where Sonic first launched, around $1.475.</p>
<blockquote class="twitter-tweet">
 <p lang="en" dir="ltr">I have spent so much time on-chain within the <a href="https://twitter.com/SonicLabs?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@SonicLabs</a> ecosystem acquiring memes, earning through DeFi and thrusting the community to Valhalla that I haven't had time to share my technical analysis thoughts.<br><br>Firstly, the <a href="https://twitter.com/search?q=%24S&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$S</a> chart.<br><br>On a higher time frame, <a href="https://twitter.com/search?q=%24S&amp;src=ctag&amp;ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">$S</a> is playing out a… <a href="https://t.co/a3CWZNvQWg" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/a3CWZNvQWg</a></p>— Jagoilio.sonic (@0xJagoilio) <a href="https://twitter.com/0xJagoilio/status/1893866481462784065?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">February 24, 2025</a>
</blockquote>
<h2 class="wp-block-heading" id="why-is-sonic-pumping">Why Is Sonic Pumping?</h2>
<p>The recent pump makes sense when you look at what’s happening with Sonic. There’s been a lot of activity with people bridging their assets from other chains to Sonic. And it’s not hard to see why – the chain is crushing it with its tech performance, the community is super active, and even the project’s CTO and CEO are getting involved in the fun.</p>
<p>The platform’s TVL (that’s the total value locked in their DeFi protocols) is also going through the roof. This could explain why Sonic has been outperforming other chains like Solana lately.</p>
<p>Based on all this activity and Jagoilio’s technical analysis, it looks like S might continue its upward trend. The next stop could be that Christmas high of $1.05, and if that breaks, we might see it push toward the previous cycle high of $1.475. But as always with crypto, nothing is guaranteed – prices can go up or down pretty fast, so it’s smart to do your own research and be careful with your investments.</p>
<p><em><strong>Read also: <a href="https://captainaltcoin.com/bitcoin-btc-could-dip-to-73000-if-price-loses-this-crucial-support-level/" target="_blank" rel="noopener noreferrer nofollow">Bitcoin (BTC) Could Dip to $73,000 If Price Loses This Crucial Support Level</a></strong></em></p>
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<p>The post <a href="https://captainaltcoin.com/heres-why-sonic-s-price-pumped-60-last-week/" rel="noopener noreferrer nofollow">Here’s Why Sonic (S) Price Pumped 60% Last Week</a> appeared first on <a href="https://captainaltcoin.com" rel="noopener noreferrer nofollow">CaptainAltcoin</a>.</p>

Here’s Why Sonic (S) Price Pumped 60% Last Week

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