Driven by the recovery in Ethereum demand and the repair of market risk appetite, SONIC successfully broke through the upper boundary of the 0.036 range on the daily chart, with a clear inflow of bullish active funds. In the short term, if it continues to stabilize above 0.0365, it could test the resistance zone of 0.038–0.039, with a preference for buying on pullbacks. If it falls below 0.0355, be alert to another range-bound consolidation. It is recommended to focus on the strength of support and changes in volume, and to trade with the trend.

Latest data shows that after holding the $2,000 support, Ethereum has seen aggressive buying in derivatives, with futures open interest approaching historical highs and spot ETF net inflows reaching the highest level since mid-March. The return of bullish momentum reflects a recovery in risk appetite for crypto assets among institutions and retail investors. Overall market sentiment is shifting from caution to optimism, creating an environment for short-term gains in small and mid-cap tokens such as SONIC.

Since early April, SONIC had repeatedly fluctuated in the 0.034–0.036 range, until April 16th when it effectively broke above the 0.036 upper boundary and closed at 0.03718, accompanied by a significant increase in trading volume, indicating stronger willingness from bulls to take the lead. If the next step is to hold the 0.0365 support, it is expected to challenge the 0.038–0.039 resistance area; conversely, if it pulls back below 0.0355, caution is needed for another round of range-bound consolidation. Overall, short-term market sentiment tilts toward the bulls, favoring buy-on-dip trading opportunities.

Sonic SVM

It’s not a given that the European Central Bank’s next move on interest rates will be a hike, according to Governing Council member Martins Kazaks.

Kazaks: Will not oppose bets on two interest rate hikes this year

Waller: Rapid resolution of the Middle East situation may allow for interest rate cuts later this year.

Waller: Overall PCE inflation year-over-year in March may reach 3.5%

The Federal Reserve's Waller expressed caution regarding interest rates, warning of the risks of prolonged warfare.

Fed's Daly: Rates May Remain Unchanged

Daly: The federal funds rate is slightly above the neutral level of 3%.

UBS Expects 50 bps Fed Rate Cuts as Gov Miran Downplays Inflation Risks

Federal Reserve's Daly: On hold regarding interest rates.

Easing tensions in the Middle East combined with rising expectations of interest rate cuts have pushed gold close to $4,900.

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Sonic SVM Price: SONIC Live Price Today | SONIC Market Cap & Chart Analysis | Bybit-eu

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SONIC price today is 0.04, with a live price change of 1.46 in the last 24 hours. Convert, buy, sell and trade SONIC on Bybit-eu.

Track Sonic SVM live price, market cap, 24-hour trading range, and real-time chart data on Bybit-eu.

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