- Whale Netflows rose 1,170% in seven days and signaled aggressive accumulation near $ 0.316 support.
- Dex volume rose by 16.97% weekly, while 96% of the holders remained under water, which indicates limited sales pressure.
Sonic [S] Hangs the support level of $ 0.316 for days and formed a potential double soil set -up, while network TVL consolidated above $ 2 billion.
That level has been kept stable since the end of April, despite wider market tractors. The current map structure reflected a consolidation phase, not capitulation.
A break above the resistance of the downtrend can confirm the reversal and attract offside. If the momentum strengthens, the next upward test would be at $ 0.409.
Momentum for bulls?
In the past seven days, Dex volume jumped for S with 16.97%and reached more than $ 539.95 million. This increase in decentralized trading activity emphasizes the growing user involvement, even because DEX/CEX -Dominance was only 0.32%.
The low DEX share suggests that most volume still flows through centralized platforms. However, rising DEX figures can indicate that users are looking for more control in the midst of uncertain market conditions.
If this trend continues, this can mark a behavioral shift that supports price growth in the long term.
Source: Trade reproduction
Smart accumulation starts
Spotmarkt data showed $ 4.13 million in inflow versus $ 3.55 million in out of 17 June.
While Netflows remained neutral, recent sessions showed accumulation on dips, with outflows that dominated during small rallies.
This behavior meant the caution on investors, but it also reflected the confidence in the structural support of S. The absence of large sale near the floor of $ 0.316 further strengthened its validity as an important level.
That is why the modest spot outflows proposed to position a potential upward outbreak.
Source: Coinglass
Have whales finally returned?
Large holders considerably increased their exposure, with a Netflow peak of 1,170% in the last seven days. This abrupt increase indicates aggressive whale accumulation, probably pending a reversal of the current lows.
Historically, such movements precede sharp rallies – especially when technical setups correspond to Fundamentals.
With Sonic who still acts under the key resistance and whales that step aggressively, this battery phase can mark the early stages of a trend remark.
Source: Intotheblock
Sentiment suppresses sets the stage
On-chain statistics showed that 96.61% of Sonic holders were outside the money at the time of the money, with only 3.27% laid out a profitable position. This overwhelming imbalance implied pessimism on the market.
However, it also creates a favorable arrangement is the limited profit pressure in the short term and a high upward potential if the resistance levels break.
Sentiment often suppresses unexpected volatility, especially when catalysts such as whale accumulation and rising DEX volume enter the comparison.
Source: Intotheblock
Can Sonic see a breakout rally?
Sonic showed several signals from a potential bullish -smoke at the time of writing, with strong whale accumulation, rising Dex activity and a solid $ 2B TVL -based.
Price promotion has respected the level of $ 0.316 and formed a double soil structure. With 96% of the holders still underwater, the outbreak potential remains high if the resistance breaks.
The convergence of technical and fundamental strength can cause a shift in market sentiment and ignite a persistent upward rally.