- Sonic reached $1B TVL in 66 days, surpassing SUI and APT.
- Rising TVL and social dominance signal strong investor confidence in Sonic.
- Bullish technical signals suggest Sonic could hit $0.70 if demand remains strong.
Sonic—S , has shattered records, reaching $1 billion in Total Value Locked (TVL) in just 66 days. This rapid growth outpaced SUI, which took 505 days, and APT, which needed 709 days. Investors have rushed to lock assets, showing massive confidence in the blockchain. Such momentum often signals strong demand, fueling speculation about future price action.
Rising TVL Shows Strong Market Confidence
Data from DeFiLlama confirms Sonic’s TVL has surpassed $1 billion. This surge in locked assets reflects growing trust in the network. When TVL increases, investors believe the ecosystem offers strong opportunities. Declining TVL, however, often signals a loss of confidence, leading to withdrawals. Many projects struggle to sustain growth during market instability. Sonic, however, has gained traction despite volatility.
The network’s ability to attract liquidity suggests demand remains high. If this trend holds, more capital could flow in, strengthening future price movements. Social data also reveals heightened interest. Santiment reports a 5.39% spike in social dominance, meaning more traders are discussing Sonic. Increased discussions often indicate rising demand, which can drive prices higher.
Bullish Signals Suggest Further Price Gains
Technical indicators also favor continued growth. On the 4-hour chart, Sonic’s price has climbed above key Exponential Moving Averages (EMAs). The 20 EMA (blue) recently crossed over the 50 EMA (yellow), forming a golden cross. This pattern confirms strong bullish momentum.
Price action has also held above the 0.618 Fibonacci level at $0.50, reinforcing support. If buyers maintain pressure, a jump to $0.62 appears likely. Should demand grow stronger, Sonic could rally toward $0.70.
However, price movements depend on sustained interest. A sharp drop in TVL could shift sentiment, pushing the value toward $0.41. For now, the market remains optimistic, watching for the next big move.
