Sonic Price Analysis: Parabolic Indicator Supports 10% Breakout Ahead $78M Token Unlock
The post Sonic Price Analysis: Parabolic Indicator Supports 10% Breakout Ahead $78M Token Unlock appeared on BitcoinEthereumNews.com.
Key Notes Sonic’s market cap approaches $1 billion following a 10% intraday rally driven by pre-unlock speculation. Trading volume surged above $90 million, the highest level since June 27, indicating increased market participation. Technical indicators including MACD crossover and Bollinger Band expansion signal continued upward momentum toward $0.38. Sonic S $0.33 24h volatility: 0.4% Market cap: $1.06 B Vol. 24h: $114.45 M price crossed the $0.34 mark on Thursday, July 3, rising 15% in 48 hours as traders place last-minute trades ahead of an upcoming unlock event. Technical indicators suggest more upside potential ahead if certain conditions persist. Sonic Nears $1B Market Cap as Speculative Trades Trigger 10% Rally Andre Cronje-led Sonic delivers double-digit gains on Wednesday, rising 15% to reclaim the $0.33 level at press time. While the Sonic rally aligns with broader market sentiment, reports suggest this rapid price uptick could be linked to network development updates and anticipation surrounding upcoming ecosystem events. Sonic price action | Source: Coinmarketcap According to DeFiLlama data, Sonic is set to unlock $78.1 million worth of tokens on Friday, July 5. Token unlocks are typically perceived as bearish events due to the potential dilution of market supply. However, speculative traders often enter bullish positions ahead of such milestones, betting on heightened activity and liquidity. Sonic Token Unlock Scheduled for July 5, 2025 | Source: DeFillam This pre-unlock optimism may explain Sonic’s sharp 10% intraday rally and the token’s current valuation hovering near the $975 million mark, according to CoinMarketCap data. Trading volume for Sonic has also surged above $90 million, a level not seen since June 27, 2025. This highlights a surge in market participation as investors prepare for post-unlock volatility. Sonic Price Prediction: Can SONIC Breach the $0.35 Barrier? Technical analysis shows Sonic price breaking above the 20-day Simple Moving Average…
Filed under: News - @ July 3, 2025 6:26 pm