The encryption researcher explains why 10x audio price

Sonic Price continued the last upward trend with the recovery of most cryptocurrencies and its decentralized financial environmental system.

Sonic (SFormerly known as Fantom, it rose to a height of $ 0.6072 on Monday, its highest level since March 3.

In the X Publishing, DEFI, a famous encryption researcher, explained two main reasons for the constant presence of Rally Sonic Rally more space for operation.

First, he pointed out that the distinctive voice symbol was less estimated compared to other coins, especially Solana. He pointed out that Solana (Teller). He pointed out that Solana had a double from TVL from Dusta to DEFI from 12 compared to Sonic’s 2. As such, if Sonic is right against Solana, he will indicate gains from 5 to 10 times from the current level.

Second, while Sonic’s ecosystem grew, the analyst predicts that he has more bullish trend. This is because he gained more than 854 million dollars Defi TVL in less than three months since the brand rename from Fantom.

The number of developers grows in Sonic, thanks to the low -speed transaction fees and speeds. More importantly, unlike other chains, Sonic uses the fee liquefaction model that restores 90 % of network gas fees for developers. About 70 developers have received more than $ 418,000 since its launch.

This model is likely to attract more developers to the network. Recently, AAVE (AAVEThe second largest DEFI network moved to the network and attracted more than $ 250 million in assets.

Sonic Price short -term analysis

The four -hour graph shows that the distinctive Sonic symbol has recovered from $ 0.4055 on March 11 to $ 0.60. It moved above the key resistance level at $ 0.5610, formed a double pattern on March 15 and 20.

Sonic Price moved higher than the moving average 50 periods. It is also higher than the rising trend line that connects the lowest fluctuations since March 11. This trend line was the diagonal style of the rising triangle.

Sonic jumped above the RERRERARION 61.8 % Fibonacci and Ichimoku Cloud. Therefore, the distinctive symbol is likely to continue to rise as Bulls targets the highest level in this month, which is $ 0.7891, which is more than 30 % over the current level. The step is higher than this level to more gains to $ 1, which is 60 % higher than the current point.