Sonic price prediction: Will $0.0275 support hold as S slides 8.58%?

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Sonic drops 8.58% to $0.0285 today

Highlights

Andre Cronje and two other founding board members have resigned from Sonic Labs, raising leadership stability concerns and impairing investor confidence.
Sonic’s total value locked has declined to $20 million, reflecting diminished on-chain activity and falling market engagement.
Sonic (S/USD) exhibits a bearish technical structure with strong downside momentum and likely trades between $0.0275 and $0.0306 over the next days.

Leadership resignations erode confidence as outflows and activity drop

Andre Cronje and two other founding board members have resigned from Sonic Labs, raising concerns over stability in the project's leadership and reducing management continuity. This departure has been viewed as a setback for investor confidence and could trigger broader caution among participants, as Cronje's reputation was a key asset to the firm. Additionally, total value locked has fallen to $20 million, according to Cryptobriefing, highlighting a decrease in on-chain activity and echoing the market's diminished engagement.

Bearish momentum intensifies as multiple indicators flag oversold conditions

S is trading below the MA-20 at $0.0307, below the MA-50 at $0.0312, and well below the MA-200 at $0.0544. The Ichimoku Kijun at $0.0306 forms immediate resistance. Momentum readings are deeply bearish: the MACD and ADX are both in Sell mode, while BBP confirms dominant intraday selling. RSI stands at 33.24, Stoch RSI is oversold, and CCI also signals oversold status, showing pronounced weakness; the Awesome Oscillator further reinforces prevailing downward momentum.

Downside favored as resistance limits upside in narrow volatility band

Over the next 2–3 sessions, the expected trading range is $0.0275 to $0.0306, defining a typical volatility band relative to current levels. The likelihood of an upward move is minimal, while continued declines remain the most probable scenario. If price consolidates within this range, stability may form a temporary base; however, a break above $0.0306 would open the way for a short-term recovery, while a drop below $0.0275 would suggest further downside in the prevailing trend.

Anton Kharitonov, leading analyst at Traders Union, sees Sonic under heavy pressure from both sentiment and technical perspectives. He notes that the resignation of key founding members deeply undermines investor confidence and compounds already weak market activity. Price remains in a decisively bearish structure, with little to suggest near-term recovery. "Unless S can reclaim $0.0306, the prevailing trend and negative sentiment point to further downside risk."

Earlier, analysts noted that Sonic was facing ongoing technical weakness amid diverging momentum indicators, warning of elevated downside risk. With fresh leadership departures and a marked decline in on-chain activity, the outlook has further deteriorated, making the sustainability of support at $0.0275 crucial for traders navigating increased volatility.

Source of Data: S Price Analysis by TU

The analysis is based on a proprietary model combining technical, on-chain, and expert data. Not investment advice. See methodology

The information is based on forecasts and does not constitute investment advice or a guarantee of future results. Market conditions may change. See our Disclaimer and Editorial Integrity for details.