- Whale Netflows rose 1,265% in a week, with large holders quietly gathering Sonic in the vicinity of multi-month support.
- An outbreak above $ 0.42 could turn the Bullish structure around, but for now smart money is gathering in silence.
Sonic [S] 6.43% slipped to $ 0.369, at the time of the press, but whales did not shrink. Why?
Well, smart money traders have generated more than $ 724k in seven days on non -realized profits, while large holder -netflows rose 1,265% within the same period.
And this peak in whale accumulation and consistent positioning of long side reflects the growing institutional trust.
This divergence between price action and investor behavior indicates a possible shift in the market structure, since strategic players quietly build up exposure on important support.
Do Whale Whale move Sonic while the retail trade hesitates?
According to Intotheblock, whale network flows in just a week 1,265% and 885% for 30 days.
This consistent capital inflow reflects the increasing trust among influential investors, even if prices test the support levels of several months.
The scale and timing of these incomes suggest whales anticipate a reversal and position it accordingly.
In the meantime, retail investors remain silent, probably torn apart by recent price volatility.
However, when whales almost accumulate supporting zones, historical data often indicates the upcoming price solution points, and Sonic is perhaps no exception.
Source: Intotheblock
Does the fall of interest or consolidation reflect on a movement?
The open interest of Sonic fell by 8.04% to $ 114.53 million, suggesting that traders reduced exposure.
However, this decline was not necessarily bearish – it corresponded to a consolidation phase, in which the lever usually shrinks for a large movement.
What is even more important, trends from the past show open interest, often peaks sharp after such cooldowns, usually during the breakouts of volatility.
Source: Coinglass
Could a positive financing percentage be the first sign of a sentiment shift?
For the first time in weeks, Sonic’s OI-weighted financing percentage became positive and now reads +0.0022%.
This indicates that traders pay a premium to cover long positions, which indicates optimism. Although not aggressive, this shift contrasts with the previously neutral-barious sentiment that is reflected in financing trends.
Positive financing often precedes bullish momentum, especially in combination with high accumulation and stable long positions.
That is why this small increase can represent early signs of positioning for a broader marketbound.
Source: Coinglass
Is Sonic’s price basis at a criticism FIB support level?
At the time of writing, Sonic consolidated above his FIB racement low of $ 0.3528, with repeated tests of the support zone between $ 0.35 and $ 0.37.
RSI was around 35, which suggests that the actively sold over -selling circumstances is approaching. Historically, this area has activated rebounds. In addition, the flat structure and the reduction of candle bodies indicate a potential structure for an outbreak.
If the price knew the resistance of $ 0.42 with the 0.236 FIB, the momentum can shift decisively bullish. Until then, the patient’s accumulation continues under the radar.
Source: TradingView
Can whale activity and smart money wins pop up the recovery of Sonic?
Sonic has several signs of soil formation despite the recent decrease of 6.43%.
Whale accumulation, the activity of calm derivatives and a flip in financing percentages all point to strengthening support. While price action remains filled in, the basis for a bullish reversal seems to form.
If these trends persist and the price breaks over resistance, Sonic can shift from consolidation and recovery.
Until that time, Smart Money seems to be quietly accumulating for a potential outbreak.