Whales Swarm Sonic: Is a $0.62 Breakout Imminent?

Crypto whales are circling Sonic—again. The token’s price action suggests a looming breakout, with $0.62 as the next target. But will retail traders get trampled in the rush?

Market watchers note unusual whale accumulation patterns, sparking speculation of an imminent pump. The last time this happened? A 48-hour rally that left latecomers fuming.

Key levels to watch: A clean break above $0.55 could trigger algorithmic buying, while resistance at $0.60 remains the final boss. Meanwhile, ‘fundamentals’ are nowhere to be found—just another Tuesday in crypto.

Pro tip: If you’re not already positioned, you’re probably about to fund someone else’s Lambo.

Source: TradingView

Whale activity aids price stability

Backing this price movement is a strong increase in whale accumulation. Notably, AMBCrypto’s analysis showed that large holders have been constantly placing big orders around the demand zone.

The tremors of these large orders are now being recorded on Sonic’s daily chart, further reinforcing the demand zone’s strength.

Such accumulation tends to precede significant price action, since whales tend to look to enter positions at key levels. Their purchases, combined with overall market interest, may provide a foundation for a bullish setup.

Source: CryptoQuant

Can Sonic rise to $0.62?

The alignment of this whale activity and demand zone of strength creates a bullish bias for Sonic. $0.62, which is above the press time trading level, remains a notable psychological and technical target.

The liquidation leverage cluster just above Sonic’s current trading range affirms the bullish bias. Liquidation pools tend to act as a magnet for price, especially when combined with rising market participation.

Thus, there could be a further accumulation of orders in the NEAR term, which could be followed by further bullish momentum from the demand zone.

Source: CoinGlass

What to expect in the near term

If upside momentum is sustained, Sonic can see a clear breakout into $0.62 in the near term.

However, if the current demand zone fails to hold, the bullish setup could be invalidated and result in a continued bearish run.