The post Sonic DEX volume rises 17% – But THIS signals likely trend reversal appeared on BitcoinEthereumNews.com.

Whale netflows surged 1,170% in seven days, signaling aggressive accumulation near $0.316 support. DEX volume rose 16.97% weekly while 96% of holders remained underwater, suggesting limited sell pressure. Sonic [S] has hovered near the $0.316 support level for days, forming a potential double bottom setup, while network TVL consolidated above $2 billion.  That level has held steady since late April, despite broader market pullbacks. The current chart structure reflected a consolidation phase, not capitulation.  A break above the downtrend resistance could confirm the reversal and attract sidelined capital. If momentum strengthens, the next upside test would be at $0.409. Momentum for bulls? Over the past seven days, DEX volume for S jumped by 16.97%, reaching over $539.95 million. This rise in decentralized trading activity highlights growing user engagement, even as DEX/CEX dominance was at just 0.32%.  The low DEX share suggests that most volume still flows through centralized platforms. However, rising DEX figures may signal users seeking more control amid uncertain market conditions.  If this trend continues, it could mark a behavioral shift that supports long-term price growth. Source: Trading View Smart accumulation starts Spot market data showed $4.13 million in inflows versus $3.55 million in outflows on the 17th of June. While netflows remained neutral, recent sessions showed accumulation on dips, with outflows dominating during minor rallies.  This behavior signaled investor caution, yet it also reflected confidence in S’s structural support. The absence of major sell-offs near the $0.316 floor further reinforced its validity as a key level.  Therefore, the subdued spot outflows suggested positioning ahead of a potential upward breakout. Source: Coinglass Have whales finally returned? Large holders increased their exposure significantly, with a 1,170% netflow spike over the past seven days. This abrupt rise indicates aggressive whale accumulation, likely in anticipation of a reversal from current lows. …

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Filed under: News - @ June 18, 2025 1:27 am