Can Sonic crypto finally pump again? Since rebranding from Fantom (FTM) to Sonic (S), it has been on a long, never-ending rough price patch. Months of buildup have finally led to a solid chart structure, with a recent double bottom formation.
$S || Once it breaks $0.41, we can see a quick pump✅ pic.twitter.com/FQlrUeDHVY
— Christiaan (@ChristiaanDefi) June 1, 2025
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So Is It Good Time To Buy Sonic Crypto?
Sonic is currently looking like it’s having a very promising setup. Looking at the chart, it shows the formation of a double bottom pattern. This is a typical bullish reversal pattern if it holds the support level (around 0.38).
The trendline drawn in blue shows a descending resistance, which means the price is currently testing this resistance after completing a double bottom formation. The potential target for the next move is marked as the dotted line; a break above this level could lead to a rally. This pattern, if confirmed, could mean opportunity for traders to go long as the price targets higher levels.
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Any Bullish News Supporting This?
In the last 30 days, according to DefiLlama, Shadow Exchange—the main DEX on Sonic—generated over $2.1B in trading volume, $3.5M+ in fees, and distributed $5.8M+ to voters. Since January, it has processed $4B+ in DEX volume every month. During the same period, Sonic Total Value Locked (TVL) increased from $50 million to over $850 million.
However, recently, the first season of the $S airdrop has been announced. Only a quarter of the users’ accumulated airdrop will be claimable, and the rest will be vested. This has raised a lot of complaints from the community. This airdrop could trigger some sell pressure when it goes live, so it’s important to keep an eye on it.
Sonic crypto layer is one of these L1s that have been around for a long time. It’s considered an established project with a huge user base. You can still make a profit on it, but it has over a 1B market cap, and profit might be very limited. Instead, investors look for new, shiny projects, like Solaxy. Check more information about it below.
Solaxy: Less Than 14 Days Left To Buy The First L2 On Solana
🚨 Hey Solaxy Community it’s here.
The Solaxy Testnet is LIVE. Your first chance to interact with Solana’s first Layer 2 and experience the speed, scale, and simplicity Solaxy brings. 🔥⚡️
🔗 Connect via Backpack Wallet:https://t.co/FBrV3FohC8
You can:
– Bridge SOL (Solana… pic.twitter.com/FQY9AIwSdx— SOLAXY (@SOLAXYTOKEN) June 2, 2025
As the crypto bull run approaches, analysts see the market soaring, and transaction volume will keep hitting new highs. This increases the traffic on most blockchains, especially with Solana, which has created a lot of need for L2 networks on blockchains.
Solaxy is building the world’s first Solana Layer-2 scaling solution. It’s designed to be faster and cheaper than Solana while taking the strain off the mainnet. This offers a potential solution to Solana’s congestion problems.
Solaxy’s an L2 that lets devs build dApps and vibe with users. It’s here to take the load off Solana and really unlock the chain’s full potential for everyone, devs, users, and investors, kinda like how Arbitrum gave Ethereum a major boost.
Solaxy’s presale has raised $43.5 million, nearly reaching its initial goal of $44.2 million. Currently, $SOLX is priced at $0.00175 in the presale, with staking rewards offering up to 95% APY.
Presales that raise funds quickly and attract a lot of investor interest often see gains of 5x to 10x after launch and are typically listed on several top-tier centralized exchanges.
Savvy and experienced whales often quietly accumulate these projects to optimize their profits. Recently, one of these whales purchased over $400k worth of $SOLX on the Ethereum chain; click here for the transaction ID.
Click Here To Get In The Presale; Very Limited Time Left.
Connect with the huge SOLX Online community on X and Telegram.
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Key Takeaways
- Sonic shows bullish potential with a double bottom pattern and strong trading volume.
- $S airdrop may cause sell pressure, affecting market momentum.
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