Sonic is Trading -21.53% Below Our Price Prediction for Apr 16, 2025

By CoinCodex

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

  • Sonic is up 6.44% today against the US Dollar
  • S/BTC increased by 3.31% today
  • S/ETH increased by 5.10% today
  • Sonic is currently trading 21.53% below our prediction on Apr 16, 2025
  • Sonic gained 8.73% in the last month and is down -42.98% since 1 year ago
Sonic price $ 0.496184
Sonic prediction $ 0.632309 (30.33%)
Sentiment Neutral
Fear & Greed index 25 (Extreme Fear)
Key support levels $ 0.452581, $ 0.438941, $ 0.419863
Key resistance levels $ 0.485299, $ 0.504377, $ 0.518017

S price is expected to rise by 30.33% in the next 5 days according to our Sonic price prediction

Sonic price today is trading at $ 0.496184 after gaining 6.44% in the last 24 hours. The coin outperformed the cryptocurrency market, as the total crypto market cap increased by 4.51% in the same time period. S performed well against BTC today and recorded a 3.31% gain against the world’s largest cryptocurrency.

According to our Sonic price prediction, S is expected to reach a price of $ 0.632309 by Apr 16, 2025. This would represent a 30.33% price increase for S in the next 5 days.

S Price Prediction Chart

Buy/Sell Sonic

What has been going on with Sonic in the last 30 days

Sonic has been displaying a positive trend recently, as the coin gained 8.73% in the last 30-days. The medium-term trend for Sonic has been bearish, with S dropping by -30.26% in the last 3 months. The long-term picture for Sonic has been negative, as S is currently displaying a -42.98% 1-year price change. On this day last year, S was trading at $ 0.870261.

Sonic reached its all-time high price on Jan 03, 2025, when the price of S peaked at $ 1.04. The current S cycle high is $ 0.982121, while the cycle low is at $ 0.342117. S has been displaying low volatility recently – the 1-month volatility of the coin is at 9.99. Sonic recorded 16 green days in the last 30 days.

Sonic technical analysis for today – Apr 12, 2025

The sentiment in the Sonic markets is currently Neutral, and the Fear & Greed index is reading Extreme Fear. The most important support levels to watch are $ 0.452581, $ 0.438941 and $ 0.419863, while $ 0.485299, $ 0.504377 and $ 0.518017 are the key resistance levels.

Neutral sentiment for Sonic

13 indicators are currently signaling a bullish prediction for Sonic, while 8 indicators are showing a bearish forecast. With 62% of indicators favoring a positive prediction. This results in an overall Neutral sentiment for Sonic.

Crypto market is currently experiencing Extreme Fear

Currently, the Fear & Greed index is at 25 (Extreme Fear), which signals that investors have a negative outlook on the market. The Fear & Greed index is a measure of sentiment among cryptocurrency investors. A “Greed” reading suggests that investors are currently optimistic about the cryptocurrency market, but can also be an indication that the market is overvalued. A “Fear” reading, on the other hand, signals that investors are currently hesitant about the cryptocurrency market, which potentially represents a buying opportunity.

Sonic moving averages & oscillators

Let’s take a look at what some of the most important technical indicators are signaling. We’ll be going through key moving averages and oscillators that will allow us to get a better idea of how Sonic is positioned in the market right now.

Period Daily Simple Daily Exponential Weekly Simple Weekly Exponential
MA3 $ 0.453285 (BUY) $ 0.437485 (BUY)
MA5 $ 0.460048 (BUY) $ 0.450358 (BUY)
MA10 $ 0.470974 (BUY) $ 0.473201 (BUY)
MA21 $ 0.513327 (SELL) $ 0.499916 (SELL)
MA50 $ 0.569802 (SELL) $ 0.536397 (SELL)
MA100 $ 0.588120 (SELL) $ 0.565948 (SELL)
MA200
Period Value Action
RSI (14) 45.03 NEUTRAL
Stoch RSI (14) 0.00 BUY
Stochastic Fast (14) 3.21 BUY
Commodity Channel Index (20) -66.67 NEUTRAL
Average Directional Index (14) 12.25 NEUTRAL
Awesome Oscillator (5, 34) -0.03 NEUTRAL
Momentum (10) -0.17 NEUTRAL
MACD (12, 26) -0.01 NEUTRAL
Williams Percent Range (14) -96.79 BUY
Ultimate Oscillator (7, 14, 28) 45.34 NEUTRAL
VWMA (10) 0.49 SELL
Hull Moving Average (9) 0.48 SELL
Ichimoku Cloud B/L (9, 26, 52, 26) 0.52 NEUTRAL

The Relative Strength Index (RSI 14) is a widely used indicator that helps inform investors whether an asset is currently overbought or oversold. The RSI 14 for Sonic is at 45.03, suggesting that S is currently neutral.

The 50-day Simple Moving Average (SMA 50) takes into account the closing price of Sonic over the last 50 days. Currently, Sonic is trading above the SMA 50 trendline, which is a bullish signal.

Meanwhile, the 200-day Simple Moving Average (SMA 200) is a long-term trendline that’s calculated by taking an average of the S closing price for the last 200 days. S is now trading below the SMA 200, signaling that the market is currently bearish.

The bottom line about this Sonic prediction

After considering the above factors, we can conclude that the current forecast for Sonic price prediction is Neutral. S would have to increase by 30.33% to hit our $ 0.632309 target within the next five days. Moving forward, it will be important to monitor the S market sentiment, the key support and resistance levels, and other metrics. However, we have to keep in mind that the cryptocurrency markets are unpredictable, and even the largest crypto assets display a lot of price volatility. For long-term Sonic price predictions click here.

Disclaimer: This is not investment advice. The information provided is for general purposes only. No information, materials, services and other content provided on this page constitute a solicitation, recommendation, endorsement, or any financial, investment, or other advice. Seek independent professional consultation in the form of legal, financial, and fiscal advice before making any investment decision.

Source:: Sonic is Trading -21.53% Below Our Price Prediction for Apr 16, 2025